FTD Companies (FTD) Hits New 1-Year Low at $1.21

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FTD Companies Inc (NASDAQ:FTD) reached a new 52-week low on Thursday . The stock traded as low as $1.21 and last traded at $1.25, with a volume of 848448 shares traded. The stock had previously closed at $1.63.

A number of equities research analysts recently commented on FTD shares. Zacks Investment Research upgraded shares of FTD Companies from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine lowered shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Friday, February 8th.

The company has a market cap of $45.44 million, a PE ratio of 2.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.59.

A number of hedge funds have recently modified their holdings of FTD. JPMorgan Chase & Co. increased its stake in FTD Companies by 1,096.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,169 shares of the company’s stock valued at $395,000 after buying an additional 137,616 shares during the last quarter. FIL Ltd grew its position in shares of FTD Companies by 172.6% in the 3rd quarter. FIL Ltd now owns 1,105,489 shares of the company’s stock valued at $2,907,000 after acquiring an additional 700,000 shares during the period. AQR Capital Management LLC bought a new position in shares of FTD Companies in the 3rd quarter valued at about $257,000. Marshall Wace LLP bought a new position in shares of FTD Companies in the 3rd quarter valued at about $39,000. Finally, Triad Investment Management bought a new position in shares of FTD Companies in the 4th quarter valued at about $529,000. Hedge funds and other institutional investors own 44.97% of the company’s stock.

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About FTD Companies (NASDAQ:FTD)

FTD Companies, Inc, together with its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. It operates through four segments: Provide Commerce, Consumer, Florist, and International. The company offers floral, specialty foods, gift, and related products and services to consumers, retail florists, and other retail locations and companies.

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