New York & Company, Inc. (NWY) Sees Strong Trading Volume

Shares of New York & Company, Inc. (NYSE:NWY) saw an uptick in trading volume on Friday . 1,309,253 shares were traded during trading, an increase of 955% from the previous session’s volume of 124,104 shares.The stock last traded at $3.50 and had previously closed at $2.78.

Separately, TheStreet raised New York & Company, Inc. from a “d+” rating to a “c-” rating in a report on Thursday, January 18th.

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.63 and a current ratio of 1.38. The stock has a market capitalization of $224.20, a price-to-earnings ratio of 31.82 and a beta of 1.65.

New York & Company, Inc. (NYSE:NWY) last posted its quarterly earnings results on Thursday, March 22nd. The specialty retailer reported $0.08 EPS for the quarter. The business had revenue of $278.71 million for the quarter. New York & Company, Inc. had a return on equity of 8.17% and a net margin of 0.61%. During the same period in the prior year, the business earned ($0.06) earnings per share.

Hedge funds have recently modified their holdings of the company. Deutsche Bank AG bought a new stake in shares of New York & Company, Inc. in the fourth quarter worth about $104,000. Greenwood Capital Associates LLC bought a new stake in shares of New York & Company, Inc. in the fourth quarter worth about $158,000. SG Capital Management LLC bought a new stake in shares of New York & Company, Inc. in the fourth quarter worth about $171,000. Nationwide Fund Advisors increased its holdings in shares of New York & Company, Inc. by 839.6% in the third quarter. Nationwide Fund Advisors now owns 68,545 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 61,250 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of New York & Company, Inc. by 1.2% in the second quarter. Northern Trust Corp now owns 104,475 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 1,267 shares during the last quarter. 33.12% of the stock is currently owned by hedge funds and other institutional investors.

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About New York & Company, Inc.

New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states.

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