Netshoes Cayman (NYSE:NETS) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.91 and last traded at $6.96, with a volume of 590600 shares. The stock had previously closed at $9.62.

NETS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Netshoes Cayman from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group LLC downgraded shares of Netshoes Cayman from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.90.

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 1.21.

Netshoes Cayman (NYSE:NETS) last released its quarterly earnings results on Monday, August 14th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.22). The firm had revenue of $139.45 million for the quarter, compared to analyst estimates of $153.48 million. equities research analysts anticipate that Netshoes Cayman will post -4.32 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in NETS. Gilder Gagnon Howe & Co. LLC bought a new position in Netshoes Cayman in the 2nd quarter worth $24,404,000. LMR Partners LLP bought a new position in Netshoes Cayman in the 2nd quarter worth $859,000. Ameriprise Financial Inc. bought a new position in Netshoes Cayman in the 2nd quarter worth $890,000. Laurion Capital Management LP bought a new position in Netshoes Cayman in the 2nd quarter worth $1,142,000. Finally, Investec Asset Management LTD bought a new position in Netshoes Cayman in the 2nd quarter worth $3,576,000. Hedge funds and other institutional investors own 62.69% of the company’s stock.

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Netshoes Cayman Company Profile

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.

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