Seritage Growth Properties (NYSE:SRG – Get Free Report) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a report issued on Thursday.
Seritage Growth Properties Stock Up 1.7 %
Seritage Growth Properties stock traded up $0.07 during mid-day trading on Thursday, hitting $4.23. 257,682 shares of the company’s stock were exchanged, compared to its average volume of 426,036. Seritage Growth Properties has a 1-year low of $3.63 and a 1-year high of $9.87. The stock has a 50 day moving average of $4.49 and a two-hundred day moving average of $5.61. The company has a current ratio of 7.95, a quick ratio of 7.95 and a debt-to-equity ratio of 0.63. The stock has a market cap of $237.99 million, a P/E ratio of -2.02 and a beta of 2.57.
Seritage Growth Properties (NYSE:SRG – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. Seritage Growth Properties had a negative return on equity of 5.89% and a negative net margin of 485.15%. The company had revenue of $4.22 million for the quarter.
Hedge Funds Weigh In On Seritage Growth Properties
Seritage Growth Properties Company Profile
Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold.
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