Shares of Ascena Retail Group Inc (NASDAQ:ASNA) saw unusually-strong trading volume on Tuesday . Approximately 17,141,586 shares traded hands during mid-day trading, an increase of 382% from the previous session’s volume of 3,554,234 shares.The stock last traded at $0.45 and had previously closed at $0.44.
Separately, ValuEngine upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Ascena Retail Group presently has an average rating of “Hold” and an average target price of $1.64.
The stock has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.48. The company has a debt-to-equity ratio of 8.86, a current ratio of 1.45 and a quick ratio of 0.76.
Several hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of Ascena Retail Group by 8,036.8% in the 3rd quarter. Millennium Management LLC now owns 6,921,394 shares of the specialty retailer’s stock worth $1,827,000 after buying an additional 6,836,331 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Ascena Retail Group by 127.3% during the third quarter. Public Employees Retirement System of Ohio now owns 183,281 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 102,631 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Ascena Retail Group during the third quarter valued at approximately $29,000. Russell Investments Group Ltd. bought a new stake in shares of Ascena Retail Group during the third quarter valued at approximately $135,000. Finally, FNY Investment Advisers LLC boosted its position in shares of Ascena Retail Group by 42.9% during the third quarter. FNY Investment Advisers LLC now owns 1,000,000 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 300,000 shares in the last quarter. Hedge funds and other institutional investors own 74.26% of the company’s stock.
Ascena Retail Group Company Profile (NASDAQ:ASNA)
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
Featured Story: How to use beta for portfolio diversification
Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.
