Reitmans (TSE:RET) Shares Down 3.6% – Should You Sell?

Reitmans Limited (TSE:RET) shares traded down 3.6% during trading on Monday . The company traded as low as C$0.25 and last traded at C$0.27. 22,200 shares were traded during mid-day trading, a decline of 9% from the average session volume of 24,407 shares. The stock had previously closed at C$0.28.

Reitmans Price Performance

The business has a fifty day moving average price of C$0.27. The firm has a market cap of C$13.19 million and a PE ratio of -0.09. The company has a quick ratio of 0.26, a current ratio of 1.10 and a debt-to-equity ratio of 188.87.

Insider Buying and Selling

In other news, Senior Officer Richard Wait sold 20,000 shares of Reitmans stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$2.50, for a total value of C$50,000.00. Also, Senior Officer Alain Murad sold 17,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$2.56, for a total transaction of C$43,579.50. In the last ninety days, insiders sold 81,700 shares of company stock valued at $211,484.

Reitmans Company Profile

Reitmans (Canada) Limited primarily engages in the retail of women's wearing apparel in Canada. Its products include shirts, blouses, pants, dresses, skirts, sweaters, outerwear, activewear, lingerie, and accessories. The company also offers apparel for men. It serves customers through retail and e-commerce channels, under the Reitmans, Addition Elle, Penningtons, RW & CO., Thyme Maternity, and Hyba brand names.