Centric Brands (NASDAQ:CTRC) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of Centric Brands (NASDAQ:CTRC) from a buy rating to a hold rating in a research report report published on Friday, ValuEngine reports.

NASDAQ CTRC traded up $0.10 on Friday, reaching $2.77. The company’s stock had a trading volume of 18,300 shares, compared to its average volume of 43,540. The firm has a market cap of $162.16 million, a PE ratio of -0.46 and a beta of -0.94. The business has a 50-day moving average price of $2.97 and a 200 day moving average price of $3.67. Centric Brands has a 52 week low of $2.43 and a 52 week high of $6.00. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 304.20.

Centric Brands (NASDAQ:CTRC) last posted its earnings results on Monday, May 20th. The company reported ($1.40) earnings per share for the quarter. The business had revenue of $528.90 million during the quarter. Centric Brands had a negative net margin of 18.55% and a negative return on equity of 424.90%. Analysts anticipate that Centric Brands will post -1.18 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP acquired a new position in Centric Brands in the fourth quarter valued at about $197,000. Millennium Management LLC acquired a new position in Centric Brands in the fourth quarter valued at about $75,000. Geode Capital Management LLC acquired a new position in Centric Brands in the fourth quarter valued at about $327,000. Altfest L J & Co. Inc. boosted its position in Centric Brands by 24.1% in the first quarter. Altfest L J & Co. Inc. now owns 106,106 shares of the company’s stock valued at $477,000 after buying an additional 20,600 shares in the last quarter. Finally, Northern Trust Corp acquired a new position in Centric Brands in the fourth quarter valued at about $103,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

About Centric Brands

Centric Brands Inc designs, produces, manages, and builds kid's wear, and women's and men's accessories and apparel, and distributes its products across various retail and digital channels in North America and international markets. The company also licenses approximately 100 brands across its core product categories, including kid's, women's, and men's accessories and apparel.

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

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