New York & Co. (NWY) Stock Price Up 1.8%
New York & Co. (NYSE:NWY) shares rose 1.8% during trading on Wednesday . The company traded as high as $2.25 and last traded at $2.25, with a volume of 70,029 shares trading hands. The stock had previously closed at $2.21.
NWY has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of New York & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Wunderlich cut shares of New York & Co. from a “buy” rating to a “hold” rating and cut their target price for the stock from $3.50 to $2.25 in a research note on Friday, May 20th. Finally, TheStreet cut shares of New York & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th.
The company’s market capitalization is $142.78 million. The stock has a 50 day moving average price of $1.90 and a 200-day moving average price of $2.43.
New York & Co. (NYSE:NWY) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.01 earnings per share for the quarter. During the same quarter in the previous year, the company posted $0.03 EPS. The business had revenue of $232.80 million for the quarter, compared to analyst estimates of $226.92 million. The business’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts forecast that New York & Co. will post $0.02 earnings per share for the current year.
New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states.
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