Conn’s (NASDAQ:CONN) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Conn’s (NASDAQ:CONN) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the specialty retailer’s stock.

Conn’s Price Performance

NASDAQ CONN opened at $0.02 on Tuesday. Conn’s has a 52-week low of $0.10 and a 52-week high of $5.19. The firm’s 50 day moving average price is $0.20 and its 200-day moving average price is $2.07. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.87 and a current ratio of 2.58. The company has a market cap of $373,290.00, a PE ratio of 0.00 and a beta of 2.22.

Institutional Investors Weigh In On Conn’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC purchased a new stake in Conn’s during the second quarter valued at approximately $149,000. Quadrature Capital Ltd purchased a new stake in Conn’s during the first quarter valued at approximately $144,000. Corsair Capital Management L.P. purchased a new stake in Conn’s during the fourth quarter valued at approximately $82,000. State Board of Administration of Florida Retirement System purchased a new stake in Conn’s during the first quarter valued at approximately $43,000. Finally, Equitec Proprietary Markets LLC lifted its position in Conn’s by 180.9% during the first quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 8,142 shares during the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.