Lifetime Brands (NASDAQ:LCUT) Stock Price Crosses Above Two Hundred Day Moving Average of $8.93

Shares of Lifetime Brands Inc (NASDAQ:LCUT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.93 and traded as high as $9.56. Lifetime Brands shares last traded at $9.48, with a volume of 1,400 shares changing hands.

A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, June 3rd. Zacks Investment Research cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, TheStreet cut shares of Lifetime Brands from a “c-” rating to a “d+” rating in a report on Thursday, August 15th.

The business’s fifty day simple moving average is $7.99 and its 200-day simple moving average is $8.93. The company has a current ratio of 2.67, a quick ratio of 1.01 and a debt-to-equity ratio of 1.56. The firm has a market cap of $192.57 million, a P/E ratio of 33.39, a PEG ratio of 0.99 and a beta of 1.32.



Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08). Lifetime Brands had a negative net margin of 0.06% and a positive return on equity of 4.03%. The business had revenue of $142.54 million for the quarter, compared to the consensus estimate of $153.11 million. As a group, research analysts expect that Lifetime Brands Inc will post 0.61 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of LCUT. Weber Alan W raised its holdings in Lifetime Brands by 44.4% during the 1st quarter. Weber Alan W now owns 65,000 shares of the company’s stock valued at $614,000 after acquiring an additional 20,000 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Lifetime Brands by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 93,393 shares of the company’s stock worth $884,000 after purchasing an additional 1,471 shares during the period. Northern Trust Corp increased its holdings in shares of Lifetime Brands by 1.3% in the second quarter. Northern Trust Corp now owns 149,845 shares of the company’s stock worth $1,417,000 after purchasing an additional 1,864 shares during the period. Boston Partners increased its holdings in shares of Lifetime Brands by 159.5% in the second quarter. Boston Partners now owns 170,245 shares of the company’s stock worth $1,611,000 after purchasing an additional 104,631 shares during the period. Finally, Olstein Capital Management L.P. increased its holdings in shares of Lifetime Brands by 14.3% in the second quarter. Olstein Capital Management L.P. now owns 220,551 shares of the company’s stock worth $2,086,000 after purchasing an additional 27,551 shares during the period. 44.91% of the stock is currently owned by institutional investors and hedge funds.

Lifetime Brands Company Profile (NASDAQ:LCUT)

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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