StockNews.com started coverage on shares of Conn’s (NASDAQ:CONN – Free Report) in a research report report published on Tuesday morning. The firm issued a hold rating on the specialty retailer’s stock.
Conn’s Stock Performance
The company has a 50 day moving average price of $0.20 and a 200 day moving average price of $2.07. Conn’s has a 12-month low of $0.10 and a 12-month high of $5.19. The company has a current ratio of 2.58, a quick ratio of 1.87 and a debt-to-equity ratio of 1.93. The stock has a market cap of $373,000.00, a P/E ratio of 0.00 and a beta of 2.22.
Institutional Investors Weigh In On Conn’s
A number of institutional investors have recently bought and sold shares of CONN. Equitec Proprietary Markets LLC lifted its position in shares of Conn’s by 180.9% in 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 in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Conn’s during the 1st quarter valued at $43,000. Corsair Capital Management L.P. purchased a new position in shares of Conn’s during the 4th quarter valued at $82,000. Quadrature Capital Ltd acquired a new position in shares of Conn’s in the first quarter worth $144,000. Finally, Legacy Capital Wealth Partners LLC acquired a new position in shares of Conn’s in the second quarter worth $149,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.
Conn’s Company Profile
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.
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