New York & Company, Inc. (NWY) Trading 16.6% Higher

New York & Company, Inc. (NYSE:NWY) traded up 16.6% during mid-day trading on Friday . The company traded as high as $2.65 and last traded at $2.39. 906,300 shares changed hands during mid-day trading, an increase of 1,021% from the average session volume of 80,883 shares. The stock had previously closed at $2.05.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.85 and a current ratio of 1.47.

New York & Company, Inc. (NYSE:NWY) last released its earnings results on Wednesday, November 29th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter. New York & Company, Inc. had a negative net margin of 0.99% and a negative return on equity of 2.99%. The company had revenue of $214.18 million during the quarter.

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in New York & Company, Inc. by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,590,508 shares of the specialty retailer’s stock worth $5,051,000 after buying an additional 52,817 shares in the last quarter. Signia Capital Management LLC lifted its position in New York & Company, Inc. by 3.2% in the 2nd quarter. Signia Capital Management LLC now owns 2,225,204 shares of the specialty retailer’s stock worth $3,071,000 after buying an additional 68,284 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position in New York & Company, Inc. by 1.5% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 5,922,068 shares of the specialty retailer’s stock worth $12,318,000 after buying an additional 89,182 shares in the last quarter. Bank of New York Mellon Corp lifted its position in New York & Company, Inc. by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 101,030 shares of the specialty retailer’s stock worth $197,000 after buying an additional 1,535 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in New York & Company, Inc. by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,029,500 shares of the specialty retailer’s stock worth $2,008,000 after buying an additional 61,700 shares in the last quarter. Institutional investors own 82.02% of the company’s stock.

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New York & Company, Inc. Company Profile

New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states.

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