Stage Stores (NYSE:SSI) Stock Price Up 13%

Shares of Stage Stores Inc (NYSE:SSI) rose 13% on Thursday . The company traded as high as $0.78 and last traded at $0.78, approximately 311,733 shares traded hands during mid-day trading. An increase of 121% from the average daily volume of 141,170 shares. The stock had previously closed at $0.69.

The stock has a 50 day moving average price of $0.72 and a two-hundred day moving average price of $0.93. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 2.94. The company has a market cap of $19.78 million, a price-to-earnings ratio of -0.34 and a beta of 1.16.

Stage Stores (NYSE:SSI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.83) earnings per share for the quarter. The company had revenue of $381.85 million during the quarter. Stage Stores had a negative net margin of 6.56% and a negative return on equity of 29.76%. On average, equities analysts forecast that Stage Stores Inc will post -2.17 EPS for the current fiscal year.



Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Stage Stores by 9.4% during the second quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock worth $423,000 after purchasing an additional 47,389 shares during the period. Paradigm Capital Management Inc. NY grew its holdings in Stage Stores by 0.6% during the second quarter. Paradigm Capital Management Inc. NY now owns 2,395,900 shares of the company’s stock worth $1,845,000 after purchasing an additional 15,000 shares during the period. Royce & Associates LP grew its holdings in Stage Stores by 32.7% during the first quarter. Royce & Associates LP now owns 2,108,684 shares of the company’s stock worth $2,172,000 after purchasing an additional 519,846 shares during the period. Finally, Axar Capital Management L.P. grew its holdings in Stage Stores by 16.2% during the first quarter. Axar Capital Management L.P. now owns 4,300,000 shares of the company’s stock worth $4,429,000 after purchasing an additional 600,000 shares during the period. 44.87% of the stock is currently owned by institutional investors.

About Stage Stores (NYSE:SSI)

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

See Also: How does quantitative easing work?

Receive News & Ratings for Stage Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stage Stores and related companies with MarketBeat.com's FREE daily email newsletter.