An issue of PetSmart, Inc. (NASDAQ:PETM) debt rose 2.3% against its face value during trading on Monday. The high-yield debt issue has a 7.125% coupon and will mature on March 15, 2023. The bonds in the issue are now trading at $61.50 and were trading at $61.50 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

PetSmart, Inc. (PETM) remained flat at $$82.98 during mid-day trading on Wednesday. The company has a market capitalization of $8,250.00, a P/E ratio of 19.48 and a beta of 0.54. PetSmart, Inc. has a 1-year low of $55.00 and a 1-year high of $83.49.

COPYRIGHT VIOLATION NOTICE: “PetSmart (PETM) Bonds Rise 2.3% During Trading” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/02/14/petsmart-petm-bonds-rise-2-3-during-trading.html.

PetSmart Company Profile

PetSmart, Inc is a United States-based company, which is a pet retailer of services and solutions for the needs of pets. The Company provides a range of pet food and pet products. The Company offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store.

Receive News & Ratings for PetSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetSmart and related companies with MarketBeat.com's FREE daily email newsletter.