PetSmart (PETM) Bonds Rise 2% During Trading
An issue of PetSmart, Inc. (NASDAQ:PETM) debt rose 2% against its face value during trading on Thursday. The high-yield debt issue has a 7.125% coupon and is set to mature on March 15, 2023. The debt is now trading at $64.88 and was trading at $58.75 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
Shares of PetSmart, Inc. (NASDAQ PETM) remained flat at $$82.98 during trading on Thursday. The firm has a market capitalization of $8,250.00, a PE ratio of 19.48 and a beta of 0.54. PetSmart, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $83.49.
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PetSmart Company Profile
PetSmart, Inc is a United States-based company, which is a pet retailer of services and solutions for the needs of pets. The Company provides a range of pet food and pet products. The Company offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store.
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