New York & Company, Inc. (NYSE:NWY) shares hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $4.00 and last traded at $3.97, with a volume of 159775 shares trading hands. The stock had previously closed at $3.88.
NWY has been the topic of a number of recent research reports. Roth Capital initiated coverage on New York & Company, Inc. in a research note on Monday. They set a “buy” rating and a $5.00 price objective on the stock. TheStreet raised New York & Company, Inc. from a “d+” rating to a “c-” rating in a research note on Thursday, January 18th. Finally, ValuEngine upgraded shares of New York & Company, Inc. from a “sell” rating to a “hold” rating in a report on Wednesday.
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 firm has a market capitalization of $229.33, a price-to-earnings ratio of 39.50 and a beta of 1.46.
Institutional investors have recently bought and sold shares of the company. Deutsche Bank AG purchased a new stake in New York & Company, Inc. in the fourth quarter worth about $104,000. Greenwood Capital Associates LLC purchased a new stake in New York & Company, Inc. in the fourth quarter worth about $158,000. SG Capital Management LLC purchased a new stake in New York & Company, Inc. in the fourth quarter worth about $171,000. Nationwide Fund Advisors lifted its holdings in 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 buying an additional 61,250 shares during the period. Finally, Northern Trust Corp lifted its holdings in 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 buying an additional 1,267 shares during the period. Institutional investors own 33.12% of the company’s stock.
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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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