Seritage Growth Properties (NYSE:SRG – Get Free Report) was upgraded by analysts at StockNews.com to a “sell” rating in a research note issued on Thursday.
Seritage Growth Properties Stock Performance
NYSE:SRG traded up $0.07 during trading hours on Thursday, hitting $4.23. 257,682 shares of the company traded hands, compared to its average volume of 426,036. 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 capitalization of $237.99 million, a price-to-earnings ratio of -2.02 and a beta of 2.57. The firm has a 50-day moving average of $4.49 and a 200 day moving average of $5.61. Seritage Growth Properties has a twelve month low of $3.63 and a twelve month high of $9.87.
Seritage Growth Properties (NYSE:SRG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.28) EPS for the quarter. Seritage Growth Properties had a negative net margin of 485.15% and a negative return on equity of 5.89%. The company had revenue of $4.22 million for the quarter.
Hedge Funds Weigh In On Seritage Growth Properties
About Seritage Growth Properties
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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