Stein Mart, Inc. (NASDAQ:SMRT) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.54 and last traded at $0.55, with a volume of 352453 shares traded. The stock had previously closed at $0.59.

Separately, ValuEngine upgraded Stein Mart from a “hold” rating to a “buy” rating in a report on Monday, January 29th.

The company has a current ratio of 1.36, a quick ratio of 0.17 and a debt-to-equity ratio of 3.13. The stock has a market cap of $24.46, a P/E ratio of -0.82 and a beta of 0.30.

Stein Mart (NASDAQ:SMRT) last issued its quarterly earnings results on Wednesday, November 15th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.10). The company had revenue of $285.40 million during the quarter. Stein Mart had a negative net margin of 2.18% and a negative return on equity of 44.60%.

Hedge funds have recently modified their holdings of the stock. Arcus Capital Partners LLC boosted its stake in shares of Stein Mart by 30.0% in the second quarter. Arcus Capital Partners LLC now owns 130,000 shares of the company’s stock valued at $220,000 after buying an additional 30,000 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Stein Mart by 1.7% in the second quarter. Sunbelt Securities Inc. now owns 133,000 shares of the company’s stock valued at $225,000 after buying an additional 2,282 shares during the period. HighTower Advisors LLC boosted its stake in shares of Stein Mart by 193.6% in the second quarter. HighTower Advisors LLC now owns 171,863 shares of the company’s stock valued at $292,000 after buying an additional 113,318 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Stein Mart in the third quarter valued at approximately $372,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Stein Mart by 0.7% in the second quarter. Principal Financial Group Inc. now owns 236,851 shares of the company’s stock valued at $400,000 after buying an additional 1,592 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

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Stein Mart Company Profile

Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.

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