StockNews.com started coverage on shares of Express (NYSE:EXPR – Get Rating) in a research note released on Thursday morning. The firm issued a sell rating on the stock.
Separately, TheStreet downgraded shares of Express from a c- rating to a d rating in a research note on Thursday, December 8th.
Express Price Performance
EXPR stock opened at $0.86 on Thursday. The company’s 50 day simple moving average is $1.06 and its 200-day simple moving average is $1.15. The firm has a market capitalization of $58.80 million, a PE ratio of -1.83 and a beta of 1.78. Express has a 12 month low of $0.80 and a 12 month high of $4.02.
Insider Activity at Express
Hedge Funds Weigh In On Express
Several institutional investors and hedge funds have recently modified their holdings of EXPR. Millennium Management LLC purchased a new position in Express during the fourth quarter worth approximately $40,000. Morgan Stanley raised its stake in Express by 104.2% during the fourth quarter. Morgan Stanley now owns 1,462,590 shares of the company’s stock worth $1,492,000 after purchasing an additional 746,296 shares during the period. Centiva Capital LP purchased a new position in Express during the fourth quarter worth approximately $51,000. Price T Rowe Associates Inc. MD raised its stake in Express by 24.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,652 shares of the company’s stock worth $72,000 after purchasing an additional 13,792 shares during the period. Finally, Alpine Global Management LLC purchased a new position in Express during the fourth quarter worth approximately $123,000. Hedge funds and other institutional investors own 48.19% of the company’s stock.
Express, Inc is a dual gender apparel and accessories brand. It operates retail and outlet stores in the United States and Puerto Rico, located primarily in high-traffic shopping malls, lifestyle centers, outlet centers, and street locations. The company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, eCommerce operations, and franchise operations.
- Get a free copy of the StockNews.com research report on Express (EXPR)
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