Stein Mart (SMRT) Stock Price Up 9.1%
Stein Mart, Inc. (NASDAQ:SMRT)’s share price rose 9.1% during mid-day trading on Wednesday . The company traded as high as $1.48 and last traded at $1.20. Approximately 81,637 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 327,873 shares. The stock had previously closed at $1.10.
Separately, ValuEngine cut shares of Stein Mart from a “hold” rating to a “sell” rating in a research note on Wednesday.
The company has a current ratio of 1.75, a quick ratio of 0.22 and a debt-to-equity ratio of 3.26.
A hedge fund recently bought a new stake in Stein Mart stock. Virtu Financial LLC bought a new position in Stein Mart, Inc. (NASDAQ:SMRT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,587 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned about 0.06% of Stein Mart as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 9.75% of the company’s stock.
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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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