Netshoes (CAYMAN) (NETS) Sees Unusually-High Trading Volume

Shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) saw strong trading volume on Wednesday . 1,963,063 shares changed hands during mid-day trading, an increase of 465% from the previous session’s volume of 347,473 shares.The stock last traded at $3.70 and had previously closed at $3.05.

Separately, ValuEngine downgraded shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.38 and a current ratio of 0.79.

A hedge fund recently bought a new stake in Netshoes (CAYMAN) stock. Citigroup Inc. purchased a new stake in shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,587 shares of the company’s stock, valued at approximately $41,000. Hedge funds and other institutional investors own 44.03% of the company’s stock.

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About Netshoes (CAYMAN) (NYSE:NETS)

Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Brazil and internationally. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion primarily under the Netshoes and Zattini brands.

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