Conn’s (NASDAQ:CONN) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of Conn’s (NASDAQ:CONN) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the specialty retailer’s stock.

Conn’s Stock Performance

CONN opened at $0.25 on Wednesday. Conn’s has a 12-month low of $0.25 and a 12-month high of $5.19. The stock has a market cap of $6.25 million, a price-to-earnings ratio of -0.08 and a beta of 2.22. The business has a 50 day moving average of $1.64 and a 200-day moving average of $3.14. The company has a quick ratio of 1.87, a current ratio of 2.58 and a debt-to-equity ratio of 1.93.

Institutional Trading of Conn’s

Hedge funds have recently made changes to their positions in the business. Equitec Proprietary Markets LLC increased its stake in shares of Conn’s by 180.9% during the first quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 8,142 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Conn’s during the first quarter worth approximately $43,000. Corsair Capital Management L.P. bought a new position in shares of Conn’s during the fourth quarter worth approximately $82,000. Quadrature Capital Ltd bought a new position in shares of Conn’s during the first quarter worth approximately $144,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Conn’s during the fourth quarter worth approximately $256,000. 55.00% of the stock is owned by institutional investors and hedge funds.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.