Reitmans (TSE:RET) Trading Down 3.6% – Here’s Why

Reitmans Limited (TSE:RET) shares dropped 3.6% during trading on Monday . The stock traded as low as C$0.25 and last traded at C$0.27. Approximately 22,200 shares changed hands during trading, a decline of 9% from the average daily volume of 24,407 shares. The stock had previously closed at C$0.28.

Reitmans Stock Performance

The stock has a market capitalization of C$13.19 million and a price-to-earnings ratio of -0.09. The stock’s 50-day simple moving average is C$0.27. The company has a quick ratio of 0.26, a current ratio of 1.10 and a debt-to-equity ratio of 188.87.

Insider Activity at Reitmans

In other Reitmans news, Senior Officer Richard Wait sold 24,600 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$2.66, for a total transaction of C$65,436.00. Also, Senior Officer Alain Murad sold 17,000 shares of Reitmans stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$2.56, for a total transaction of C$43,579.50. Insiders sold 81,700 shares of company stock worth $211,484 over the last three months.

About Reitmans

Reitmans (Canada) Limited primarily engages in the retail of women's wearing apparel in Canada. Its products include shirts, blouses, pants, dresses, skirts, sweaters, outerwear, activewear, lingerie, and accessories. The company also offers apparel for men. It serves customers through retail and e-commerce channels, under the Reitmans, Addition Elle, Penningtons, RW & CO., Thyme Maternity, and Hyba brand names.