Conn’s (NASDAQ:CONN) Stock Crosses Above 200 Day Moving Average of $3.83

Shares of Conn’s, Inc. (NASDAQ:CONN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.83 and traded as high as $3.83. Conn’s shares last traded at $3.74, with a volume of 23,921 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, April 12th.

Conn’s Stock Performance

The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.87 and a current ratio of 2.58. The firm’s 50-day moving average price is $3.51 and its two-hundred day moving average price is $3.83. The stock has a market cap of $93.09 million, a price-to-earnings ratio of -1.16 and a beta of 2.35.

Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, April 11th. The specialty retailer reported ($1.25) earnings per share for the quarter, beating the consensus estimate of ($1.57) by $0.32. The company had revenue of $366.08 million for the quarter, compared to analyst estimates of $422.40 million. Conn’s had a negative net margin of 6.21% and a negative return on equity of 34.68%. On average, analysts expect that Conn’s, Inc. will post -1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Conn’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Equitec Proprietary Markets LLC lifted its holdings in shares of Conn’s by 180.9% in the 1st quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 8,142 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Conn’s in the first quarter valued at approximately $43,000. Corsair Capital Management L.P. acquired a new position in Conn’s during the fourth quarter worth $82,000. Quadrature Capital Ltd purchased a new position in shares of Conn’s during the first quarter worth $144,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Conn’s in the fourth quarter valued at $256,000. Institutional investors and hedge funds own 55.00% of the company’s stock.

Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in 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.