New York & Co. (NWY) Trading Up 13.1%
New York & Co. (NYSE:NWY) was up 13.1% during mid-day trading on Thursday . The stock traded as high as $2.30 and last traded at $2.24, with a volume of 223,513 shares. The stock had previously closed at $1.98.
Several equities research analysts have issued reports on NWY shares. Wunderlich lowered New York & Co. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $3.50 to $2.25 in a research note on Friday, May 20th. Zacks Investment Research lowered New York & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Finally, TheStreet lowered New York & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th.
The firm’s 50 day moving average price is $1.77 and its 200-day moving average price is $2.43. The company’s market capitalization is $144.27 million.
New York & Co. (NYSE:NWY) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The business earned $232.80 million during the quarter, compared to analysts’ expectations of $226.92 million. During the same quarter in the previous year, the company posted $0.03 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that New York & Co. will post $0.03 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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