CSS Industries (NYSE:CSS) Stock Passes Below 200-Day Moving Average of $5.02

CSS Industries Inc (NYSE:CSS) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.02 and traded as low as $4.40. CSS Industries shares last traded at $4.46, with a volume of 2,988 shares changing hands.

Separately, ValuEngine raised shares of CSS Industries from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The company’s fifty day simple moving average is $4.12 and its 200-day simple moving average is $5.02. The firm has a market capitalization of $38.45 million, a PE ratio of -1.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.66 and a quick ratio of 0.65.

CSS Industries (NYSE:CSS) last issued its earnings results on Thursday, August 1st. The specialty retailer reported ($1.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.72). The business had revenue of $57.54 million during the quarter, compared to analyst estimates of $59.40 million. CSS Industries had a negative net margin of 13.13% and a negative return on equity of 6.98%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in CSS Industries by 112.6% during the second quarter. Vanguard Group Inc. now owns 473,534 shares of the specialty retailer’s stock worth $2,311,000 after purchasing an additional 250,803 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of CSS Industries by 15.4% in the second quarter. Renaissance Technologies LLC now owns 272,019 shares of the specialty retailer’s stock valued at $1,327,000 after purchasing an additional 36,349 shares during the period. BlackRock Inc. boosted its stake in shares of CSS Industries by 1.1% in the second quarter. BlackRock Inc. now owns 201,075 shares of the specialty retailer’s stock valued at $980,000 after purchasing an additional 2,267 shares during the period. Bank of New York Mellon Corp lifted its stake in CSS Industries by 12.6% in the second quarter. Bank of New York Mellon Corp now owns 70,171 shares of the specialty retailer’s stock worth $342,000 after acquiring an additional 7,850 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in CSS Industries by 9.0% in the second quarter. Jacobs Levy Equity Management Inc. now owns 46,366 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 3,841 shares during the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

CSS Industries Company Profile (NYSE:CSS)

CSS Industries, Inc, a consumer products company, designs, manufactures, procures, distributes, and sells seasonal, gift, and craft products principally to mass market retailers in the United States and Canada. Its craft and gift consumer products include craft ribbons and bows, trims, buttons, sewing patterns, knitting needles, needle arts, kids' crafts, infant products, journals, gift card holders, all occasion boxed greeting cards, memory books, scrapbooks, stationery, stickers, and other gift and craft items, as well as floral accessories, including pot covers, foil, waxed tissue, shred, aisle runners, corsage bags, and other paper and film products.

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