Shares of Destination Maternity Corp (NASDAQ:DEST) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $0.89. Destination Maternity shares last traded at $0.79, with a volume of 13,203 shares trading hands.
Separately, ValuEngine downgraded Destination Maternity from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd.
The company has a current ratio of 0.85, a quick ratio of 0.18 and a debt-to-equity ratio of 5.73. The stock has a market cap of $9.25 million, a PE ratio of -1.56 and a beta of 0.34. The company has a fifty day moving average of $1.02 and a 200-day moving average of $1.85.
Destination Maternity (NASDAQ:DEST) last posted its quarterly earnings data on Wednesday, June 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $94.21 million for the quarter. Destination Maternity had a negative return on equity of 23.13% and a negative net margin of 3.85%. As a group, research analysts anticipate that Destination Maternity Corp will post -0.02 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of DEST. Moors & Cabot Inc. raised its holdings in shares of Destination Maternity by 100.0% in the 1st quarter. Moors & Cabot Inc. now owns 287,580 shares of the company’s stock valued at $622,000 after buying an additional 143,790 shares during the period. Vanguard Group Inc. raised its holdings in shares of Destination Maternity by 20.3% in the 2nd quarter. Vanguard Group Inc. now owns 367,039 shares of the company’s stock valued at $484,000 after buying an additional 61,900 shares during the period. Finally, OneAscent Financial Services LLC purchased a new stake in shares of Destination Maternity in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 40.82% of the company’s stock.
Destination Maternity Company Profile (NASDAQ:DEST)
Destination Maternity Corporation designs and retails maternity apparel. As of August 4, 2018, the company operated 1,114 retail locations, including 480 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 634 leased department locations in the United States and Puerto Rico.
Further Reading: Limitations of the P/E Growth ratio
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