Express, Inc. (NYSE:EXPR)’s share price shot up 30.6% during trading on Thursday . The company traded as high as $0.84 and last traded at $0.80. 17,569,379 shares changed hands during trading, an increase of 712% from the average session volume of 2,163,873 shares. The stock had previously closed at $0.61.
Several research analysts have issued reports on the company. Zacks Investment Research cut Express from a “hold” rating to a “sell” rating in a research report on Tuesday. MKM Partners lowered their price objective on shares of Express from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Thursday, August 27th. Finally, B. Riley restated a “hold” rating and set a $1.50 target price on shares of Express in a research report on Friday, July 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $1.94.
The stock has a 50-day moving average price of $0.99 and a two-hundred day moving average price of $1.52. The stock has a market capitalization of $51.67 million, a PE ratio of -0.13 and a beta of 1.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.07.
Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Express by 143.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,514,718 shares of the company’s stock worth $3,873,000 after acquiring an additional 1,483,396 shares during the period. JPMorgan Chase & Co. lifted its holdings in Express by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,218,267 shares of the company’s stock worth $1,815,000 after purchasing an additional 40,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Express by 0.8% during the 1st quarter. Geode Capital Management LLC now owns 925,438 shares of the company’s stock valued at $1,378,000 after buying an additional 6,905 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Express by 294.1% during the 1st quarter. Squarepoint Ops LLC now owns 640,881 shares of the company’s stock valued at $955,000 after buying an additional 478,277 shares in the last quarter. Finally, Bridgeway Capital Management Inc. raised its position in shares of Express by 83.3% during the second quarter. Bridgeway Capital Management Inc. now owns 624,900 shares of the company’s stock valued at $962,000 after buying an additional 283,900 shares during the last quarter.
Express Company Profile (NYSE:EXPR)
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.
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