Christopher & Banks (CBK) Hits New 1-Year Low at $0.48
Christopher & Banks Co. (NYSE:CBK)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $0.48 and last traded at $0.49, with a volume of 100 shares changing hands. The stock had previously closed at $0.49.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Christopher & Banks from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. ValuEngine cut shares of Christopher & Banks from a “buy” rating to a “hold” rating in a research note on Tuesday.
The company has a market cap of $19.98 million, a PE ratio of -0.85 and a beta of 3.31.
Large investors have recently bought and sold shares of the company. Ancora Advisors LLC grew its stake in shares of Christopher & Banks by 40.3% during the 3rd quarter. Ancora Advisors LLC now owns 411,203 shares of the specialty retailer’s stock worth $313,000 after purchasing an additional 118,139 shares during the period. Virginia National Bank acquired a new position in shares of Christopher & Banks during the 3rd quarter worth $726,000. Finally, Renaissance Technologies LLC grew its stake in shares of Christopher & Banks by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,716,100 shares of the specialty retailer’s stock worth $2,553,000 after purchasing an additional 74,000 shares during the period. 35.01% of the stock is currently owned by institutional investors and hedge funds.
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About Christopher & Banks (NYSE:CBK)
Christopher & Banks Corporation, through its subsidiaries, operates as a specialty retailer of private-brand women's apparel and accessories in the United States. The company designs and sells women's apparel and accessories to customers ranging in age from 40 and older. Its stores offer women's apparel consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite, and women sizes, as well as jewelry and accessories.
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