New York & Co. (NWY) Trading Up 4.4%
New York & Co. (NYSE:NWY) shares were up 4.4% during mid-day trading on Thursday . The company traded as high as $2.14 and last traded at $2.13, with a volume of 70,506 shares. The stock had previously closed at $2.04.
A number of research analysts recently issued reports on NWY shares. Zacks Investment Research lowered New York & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. Wunderlich lowered New York & Co. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $3.50 to $2.25 in a report on Friday, May 20th. Finally, TheStreet lowered New York & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th.
The company’s market cap is $136.44 million. The firm has a 50-day moving average price of $1.84 and a 200 day moving average price of $2.42.
New York & Co. (NYSE:NWY) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.01 EPS for the quarter. During the same period in the prior year, the firm earned $0.03 EPS. The company earned $232.80 million during the quarter, compared to analyst estimates of $226.92 million. New York & Co.’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts expect that New York & Co. will post $0.02 earnings per share for the current fiscal 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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