PetSmart (PETM) Debt Trading 0.8% Higher

An issue of PetSmart, Inc. (NASDAQ:PETM) bonds rose 0.8% against their face value during trading on Thursday. The high-yield issue of debt has a 8.875% coupon and is set to mature on June 1, 2025. The debt is now trading at $60.75 and was trading at $61.50 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

PetSmart, Inc. (NASDAQ:PETM) opened at $82.98 on Friday. PetSmart, Inc. has a 52-week low of $55.00 and a 52-week high of $83.49. The company has a market cap of $8,250.00, a P/E ratio of 19.48 and a beta of 0.54.

ILLEGAL ACTIVITY WARNING: “PetSmart (PETM) Debt Trading 0.8% Higher” was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://weekherald.com/2017/12/30/petsmart-petm-debt-trading-0-8-higher.html.

About PetSmart

PetSmart, Inc is a United States-based company, which is a pet retailer of services and solutions for the needs of pets. The Company provides a range of pet food and pet products. The Company offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store.

Receive News & Ratings for PetSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetSmart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply