Ever-Glory International Group (NASDAQ:EVK) Given “Neutral” Rating at Barclays

Barclays reaffirmed their neutral rating on shares of Ever-Glory International Group (NASDAQ:EVK) in a report released on Tuesday morning, Stock Target Advisor reports. They currently have a $24.00 price objective on the textile maker’s stock.

Several other analysts have also issued reports on the stock. Nord/LB reissued a neutral rating and issued a $24.00 price target on shares of Ever-Glory International Group in a research report on Tuesday. ValuEngine raised shares of Ever-Glory International Group from a sell rating to a hold rating in a research report on Friday, October 25th. Baader Bank reissued a buy rating and issued a $29.00 price target on shares of Ever-Glory International Group in a research report on Tuesday, October 29th. Independent Research reissued a neutral rating and issued a $27.00 price target on shares of Ever-Glory International Group in a research report on Tuesday. Finally, Warburg Research reissued a buy rating and issued a $36.00 price target on shares of Ever-Glory International Group in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Ever-Glory International Group currently has an average rating of Hold and an average target price of $26.40.

Shares of EVK stock opened at $2.65 on Tuesday. The firm has a market cap of $46.24 million, a price-to-earnings ratio of 4.59 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.85 and a current ratio of 1.31. Ever-Glory International Group has a 52 week low of $2.35 and a 52 week high of $4.20. The firm’s 50-day simple moving average is $3.20 and its two-hundred day simple moving average is $3.28.

Ever-Glory International Group (NASDAQ:EVK) last posted its quarterly earnings results on Wednesday, August 14th. The textile maker reported $0.13 earnings per share (EPS) for the quarter. Ever-Glory International Group had a net margin of 2.35% and a return on equity of 9.10%. The company had revenue of $77.32 million for the quarter.

An institutional investor recently bought a new position in Ever-Glory International Group stock. Citadel Advisors LLC purchased a new stake in Ever-Glory International Group Inc (NASDAQ:EVK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,894 shares of the textile maker’s stock, valued at approximately $40,000. Citadel Advisors LLC owned 0.09% of Ever-Glory International Group as of its most recent SEC filing. Hedge funds and other institutional investors own 0.50% of the company’s stock.

Ever-Glory International Group Company Profile

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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Analyst Recommendations for Ever-Glory International Group (NASDAQ:EVK)

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