Stein Mart, Inc. (NASDAQ:SMRT) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.88 and traded as high as $0.88. Stein Mart shares last traded at $0.87, with a volume of 1,400 shares trading hands.
Separately, ValuEngine lowered shares of Stein Mart from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd.
The firm’s 50 day moving average price is $0.88. The company has a debt-to-equity ratio of 10.68, a quick ratio of 0.19 and a current ratio of 1.18.
A hedge fund recently bought a new stake in Stein Mart stock. Virtu Financial LLC bought a new stake in shares of Stein Mart, Inc. (NASDAQ:SMRT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,587 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned approximately 0.06% of Stein Mart at the end of the most recent quarter. Institutional investors own 7.90% of the company’s stock.
About Stein Mart (NASDAQ:SMRT)
Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home décor merchandise, accessories, and shoes at everyday discount prices in the Unites States. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.
Read More: Percentage Gainers
Receive News & Ratings for Stein Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stein Mart and related companies with MarketBeat.com's FREE daily email newsletter.