Stein Mart (NASDAQ:SMRT) Sees Large Volume Increase

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Stein Mart, Inc. (NASDAQ:SMRT) saw unusually-strong trading volume on Monday . Approximately 727,521 shares traded hands during trading, an increase of 93% from the previous session’s volume of 376,044 shares.The stock last traded at $0.78 and had previously closed at $0.77.

Separately, ValuEngine downgraded Stein Mart from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd.

The company has a quick ratio of 0.19, a current ratio of 1.16 and a debt-to-equity ratio of 9.32.

Stein Mart (NASDAQ:SMRT) last posted its earnings results on Wednesday, May 22nd. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $314.16 million for the quarter. Stein Mart had a negative return on equity of 21.12% and a negative net margin of 0.75%.

A hedge fund recently raised its stake in Stein Mart stock. Vanguard Group Inc grew its stake in shares of Stein Mart, Inc. (NASDAQ:SMRT) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,279,928 shares of the company’s stock after acquiring an additional 18,158 shares during the period. Vanguard Group Inc owned 2.67% of Stein Mart worth $3,008,000 at the end of the most recent reporting period. Institutional investors own 7.90% of the company’s stock.

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About Stein Mart (NASDAQ:SMRT)

Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home d├ęcor merchandise, accessories, and shoes at everyday discount prices in the Unites States. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.

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