Shares of Stage Stores Inc (NYSE:SSI) traded up 8.6% on Wednesday . The stock traded as high as $0.81 and last traded at $0.79, 8,820,209 shares traded hands during trading. An increase of 164% from the average session volume of 3,336,336 shares. The stock had previously closed at $0.73.

Separately, ValuEngine upgraded shares of Stage Stores from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

The company has a quick ratio of 0.20, a current ratio of 1.90 and a debt-to-equity ratio of 3.89. The firm’s 50 day simple moving average is $4.22 and its two-hundred day simple moving average is $2.95. The stock has a market cap of $19.85 million, a P/E ratio of -0.22 and a beta of 2.05.

Stage Stores (NYSE:SSI) last released its earnings results on Thursday, November 21st. The company reported ($0.15) earnings per share for the quarter. Stage Stores had a negative net margin of 5.78% and a negative return on equity of 34.21%. The business had revenue of $414.98 million for the quarter. As a group, equities analysts predict that Stage Stores Inc will post -2.17 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. bought a new stake in Stage Stores during the fourth quarter valued at $2,228,000. Laurion Capital Management LP bought a new stake in Stage Stores during the fourth quarter valued at $127,000. Oxford Asset Management LLP bought a new stake in Stage Stores during the fourth quarter valued at $328,000. Mountaineer Partners Management LLC bought a new stake in Stage Stores during the fourth quarter valued at $1,096,000. Finally, Contrarian Capital Management L.L.C. bought a new stake in Stage Stores during the fourth quarter valued at $314,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Stage Stores Company Profile (NYSE:SSI)

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

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