StockNews.com began coverage on shares of Conn’s (NASDAQ:CONN – Free Report) in a report issued on Tuesday. The brokerage issued a hold rating on the specialty retailer’s stock.
Conn’s Price Performance
The company has a debt-to-equity ratio of 1.93, a current ratio of 2.58 and a quick ratio of 1.87. The firm has a market capitalization of $373,000.00, a PE ratio of 0.00 and a beta of 2.22. Conn’s has a one year low of $0.10 and a one year high of $5.19. The company has a 50-day simple moving average of $0.20 and a 200 day simple moving average of $2.07.
Institutional Trading of Conn’s
Institutional investors and hedge funds have recently made changes to their positions in the stock. Corsair Capital Management L.P. acquired a new position in shares of Conn’s during the 4th quarter valued at about $82,000. Equitec Proprietary Markets LLC lifted its holdings in Conn’s by 180.9% in the 1st 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 last quarter. State Board of Administration of Florida Retirement System bought a new stake in Conn’s during the first quarter worth approximately $43,000. Quadrature Capital Ltd acquired a new position in Conn’s during the first quarter valued at approximately $144,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of Conn’s in the second quarter valued at approximately $149,000. Institutional investors and hedge funds own 55.00% of the company’s stock.
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.
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