Stein Mart, Inc. (NASDAQ:SMRT) traded up 12.7% on Wednesday . The stock traded as high as $0.84 and last traded at $0.80, 292,446 shares changed hands during trading. An increase of 4% from the average session volume of 280,826 shares. The stock had previously closed at $0.71.

Separately, ValuEngine downgraded Stein Mart from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd.

The company has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $0.90. The company has a current ratio of 1.14, a quick ratio of 0.17 and a debt-to-equity ratio of 10.45.

Stein Mart (NASDAQ:SMRT) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($0.04) earnings per share for the quarter. Stein Mart had a negative return on equity of 25.51% and a negative net margin of 0.83%. The company had revenue of $296.33 million for the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Augustine Asset Management Inc. purchased a new position in Stein Mart during the 2nd quarter worth approximately $62,000. D. E. Shaw & Co. Inc. purchased a new position in Stein Mart during the 2nd quarter worth approximately $70,000. Finally, Vanguard Group Inc. grew its stake in Stein Mart by 44.4% during the 2nd quarter. Vanguard Group Inc. now owns 976,732 shares of the company’s stock worth $840,000 after buying an additional 300,507 shares during the last quarter. Institutional investors and hedge funds own 7.86% of the company’s stock.

Stein Mart Company Profile (NASDAQ:SMRT)

Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home d├ęcor 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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