Citi Trends (CTRN) has been downgraded by Longbow to a Neutral rating. Longbow formerly had a Buy rating placed on the company.
Citi Trends is slated to have their next earnings release on Aug 18, 2011. Shares of AGL are currently trading below its 50 & 200 day moving averages. AGL is currently trading with a yearly loss overall for 2011.
The company has a market cap of about $246,000,000 and 14,832,000 shares outstanding.
Citi Trends (CTRN) is a retailer of urban fashion apparel and accessories. Their stores average approximately 10,600 square feet of selling space and are typically located in neighborhood shopping centers that are convenient to low to moderate income customers. In fiscal 2010, the company opened 60 new stores and closed two stores. As of January 29, 2011, they operated 461 stores in both urban and rural markets in 27 states.
