Conn’s (NASDAQ:CONN) Share Price Crosses Above 200 Day Moving Average of $3.89

Conn’s, Inc. (NASDAQ:CONNGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.89 and traded as high as $5.06. Conn’s shares last traded at $4.96, with a volume of 79,013 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th.

Read Our Latest Report on CONN

Conn’s Stock Performance

The firm has a 50-day moving average price of $4.24 and a two-hundred day moving average price of $3.89. The firm has a market capitalization of $121.77 million, a P/E ratio of -0.73 and a beta of 2.51. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.38 and a quick ratio of 2.41.

Conn’s (NASDAQ:CONNGet Free Report) last announced its quarterly earnings results on Monday, December 18th. The specialty retailer reported ($2.03) EPS for the quarter, missing the consensus estimate of ($1.48) by ($0.55). Conn’s had a negative net margin of 13.51% and a negative return on equity of 34.65%. The firm had revenue of $280.13 million for the quarter, compared to analysts’ expectations of $294.11 million. On average, analysts forecast that Conn’s, Inc. will post -6.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its position in Conn’s by 53.5% during the 1st quarter. Captrust Financial Advisors now owns 4,856 shares of the specialty retailer’s stock worth $75,000 after acquiring an additional 1,693 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Conn’s by 14.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,540 shares of the specialty retailer’s stock worth $255,000 after acquiring an additional 2,056 shares during the period. Citigroup Inc. boosted its stake in shares of Conn’s by 16.6% in the first quarter. Citigroup Inc. now owns 16,330 shares of the specialty retailer’s stock worth $252,000 after buying an additional 2,322 shares during the last quarter. Rhumbline Advisers grew its position in Conn’s by 14.0% during the first quarter. Rhumbline Advisers now owns 23,113 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 2,836 shares during the period. Finally, UBS Group AG raised its holdings in Conn’s by 61.9% in the 4th quarter. UBS Group AG now owns 7,957 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 3,042 shares during the period. Hedge funds and other institutional investors own 49.43% of the company’s stock.

Conn’s Company Profile

(Get Free Report)

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.

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