Stein Mart (NASDAQ:SMRT) Share Price Passes Above 50-Day Moving Average of $0.88

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.

Stein Mart (NASDAQ:SMRT) last announced its earnings results on Wednesday, May 22nd. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $314.16 million for the quarter. Stein Mart had a negative net margin of 0.75% and a negative return on equity of 21.82%.

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.

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