StockNews.com upgraded shares of Seritage Growth Properties (NYSE:SRG – Free Report) to a sell rating in a research note released on Thursday morning.
Seritage Growth Properties Stock Performance
Shares of Seritage Growth Properties stock traded up $0.02 during trading on Thursday, hitting $4.25. 18,221 shares of the company’s stock were exchanged, compared to its average volume of 424,066. The company has a debt-to-equity ratio of 0.63, a quick ratio of 7.95 and a current ratio of 7.95. The business has a 50-day simple moving average of $4.49 and a 200-day simple moving average of $5.61. Seritage Growth Properties has a 52-week low of $3.63 and a 52-week high of $9.87. The stock has a market capitalization of $239.12 million, a price-to-earnings ratio of -2.02 and a beta of 2.57.
Seritage Growth Properties (NYSE:SRG – Get Free Report) last issued its earnings results on Wednesday, August 14th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. Seritage Growth Properties had a negative return on equity of 5.89% and a negative net margin of 485.15%. The business had revenue of $4.22 million for the quarter.
Institutional Trading of Seritage Growth Properties
About Seritage Growth Properties
Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold.
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