ValuEngine Downgrades Ever-Glory International Group (NASDAQ:EVK) to Strong Sell

Ever-Glory International Group (NASDAQ:EVK) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday, ValuEngine reports.

Separately, TheStreet downgraded Ever-Glory International Group from a “b-” rating to a “c” rating in a research report on Friday, June 7th.

NASDAQ EVK traded down $0.27 during trading on Monday, hitting $3.02. The company’s stock had a trading volume of 121 shares, compared to its average volume of 1,112. The company has a current ratio of 1.18, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $3.06. The firm has a market cap of $48.69 million, a price-to-earnings ratio of 4.45 and a beta of 0.68. Ever-Glory International Group has a 52 week low of $2.35 and a 52 week high of $4.20.

Ever-Glory International Group (NASDAQ:EVK) last issued its quarterly earnings results on Tuesday, May 14th. The textile maker reported ($0.04) EPS for the quarter. The business had revenue of $87.96 million during the quarter. Ever-Glory International Group had a return on equity of 10.42% and a net margin of 2.50%.

About Ever-Glory International Group

Ever-Glory International Group, Inc manufactures, distributes, and retails apparel in the People's Republic of China, Germany, the United Kingdom, rest of Europe, Japan, and the United States. It operates in two segments, Wholesale and Retail. The company primarily offers casual wear, outerwear, and sportswear.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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