Conn’s (NASDAQ:CONN) Stock Crosses Above 200-Day Moving Average of $3.77

Conn’s, Inc. (NASDAQ:CONN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.77 and traded as high as $3.83. Conn’s shares last traded at $3.66, with a volume of 155,145 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Conn’s Price Performance

The company has a debt-to-equity ratio of 1.93, a current ratio of 2.58 and a quick ratio of 1.87. The business’s fifty day moving average price is $3.73 and its 200-day moving average price is $3.77. The stock has a market capitalization of $91.10 million, a price-to-earnings ratio of -1.14 and a beta of 2.42.

Institutional Trading of Conn’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corsair Capital Management L.P. bought a new stake in shares of Conn’s during the fourth quarter valued at about $82,000. AM Investment Strategies LLC grew its stake in Conn’s by 20.0% during the fourth quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock valued at $533,000 after acquiring an additional 20,000 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Conn’s by 55.1% during the 3rd quarter. Acadian Asset Management LLC now owns 128,344 shares of the specialty retailer’s stock worth $505,000 after acquiring an additional 45,593 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Conn’s in the 4th quarter worth approximately $256,000. 55.00% of the stock is currently owned by institutional investors.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.