New York & Co. (NWY) Stock Price Down 7%
Shares of New York & Co. (NYSE:NWY) dropped 7% during mid-day trading on Monday . The company traded as low as $2.09 and last traded at $2.12, with a volume of 283,345 shares trading hands. The stock had previously closed at $2.28.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of New York & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Wunderlich downgraded shares of New York & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $3.50 to $2.25 in a research note on Friday, May 20th. Finally, TheStreet downgraded shares of New York & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th.
The stock has a 50-day moving average price of $1.77 and a 200 day moving average price of $2.43. The firm’s market cap is $136.44 million.
New York & Co. (NYSE:NWY) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.01 earnings per share (EPS) for the quarter. During the same quarter in the prior year, the business earned $0.03 EPS. The firm had revenue of $232.80 million for the quarter, compared to analyst estimates of $226.92 million. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that New York & Co. will post $0.02 EPS 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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