Stein Mart, Inc. (NASDAQ:SMRT) shares dropped 6% during mid-day trading on Tuesday . The company traded as low as $1.09 and last traded at $1.10. Approximately 502,011 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 766,919 shares. The stock had previously closed at $1.17.
The company has a debt-to-equity ratio of 3.13, a current ratio of 1.36 and a quick ratio of 0.17.
Stein Mart (NASDAQ:SMRT) last announced its quarterly earnings results on Wednesday, November 15th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.10). Stein Mart had a negative net margin of 2.18% and a negative return on equity of 44.60%. The company had revenue of $285.40 million during the quarter.
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About Stein Mart
Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.
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