Reitmans Limited (RET) Stock Price Up 3.7%

Shares of Reitmans Limited (TSE:RET) rose 3.7% during trading on Friday . The stock traded as high as C$4.34 and last traded at C$4.25. Approximately 7,302 shares changed hands during trading, an increase of 138% from the average daily volume of 3,067 shares. The stock had previously closed at C$4.10.

The stock has a market cap of $274.85 million and a P/E ratio of 27.13. The company’s 50 day moving average is $4.24 and its 200 day moving average is $4.72.

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Reitmans Limited Company Profile

Reitmans (Canada) Limited is a Canada-based company, which is engaged in the sale of ladies’ specialty apparel to consumers through its retail banners. The Company has stores located in malls and retail power centers across Canada. The Company operates under banners, including Reitmans, which is a women’s apparel specialty chain and fashion brand that operates over 330 stores; Penningtons, which offers products under plus-size fashion sizes 14 to 32 and operates over 130 stores; Addition Elle, which offers products for plus-size women and operates over 110 stores; RW & CO., which offers fashions for men and women with approximately 80 stores; Thyme Maternity, which is a brand for moms-to-be with over 70 stores, and offers a complete line of nursing fashions and accessories; Hyba, which offers activewear and yoga clothes for exercising or sports and operates approximately 20 stores, and Smart Set.

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