Ever-Glory International Group (NASDAQ:EVK) Stock Rating Reaffirmed by Sanford C. Bernstein
Sanford C. Bernstein reiterated their buy rating on shares of Ever-Glory International Group (NASDAQ:EVK) in a report issued on Tuesday, Stock Target Advisor reports. The brokerage currently has a $30.00 target price on the textile maker’s stock.
EVK has been the subject of a number of other research reports. Independent Research reissued a neutral rating and issued a $27.00 price target on shares of Ever-Glory International Group in a report on Tuesday. JPMorgan Chase & Co. restated a neutral rating and set a $26.00 price objective on shares of Ever-Glory International Group in a research note on Tuesday. Barclays restated a neutral rating and set a $24.00 price objective on shares of Ever-Glory International Group in a research note on Tuesday. Kepler Capital Markets restated a sell rating and set a $23.00 price objective on shares of Ever-Glory International Group in a research note on Tuesday. Finally, ValuEngine upgraded Ever-Glory International Group from a sell rating to a hold rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $26.40.
Shares of EVK opened at $2.65 on Tuesday. The company has a market capitalization of $46.24 million, a P/E ratio of 4.59 and a beta of 0.51. Ever-Glory International Group has a one year low of $2.35 and a one year high of $4.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.85 and a current ratio of 1.31. The stock has a 50-day moving average price of $3.20 and a 200 day moving average price of $3.28.
A hedge fund recently bought a new stake in Ever-Glory International Group stock. Citadel Advisors LLC acquired a new stake in shares of Ever-Glory International Group Inc (NASDAQ:EVK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,894 shares of the textile maker’s stock, valued at approximately $40,000. Citadel Advisors LLC owned approximately 0.09% of Ever-Glory International Group as of its most recent SEC filing. 0.50% of the stock is currently owned by institutional investors and hedge funds.
About Ever-Glory International Group
Ever-Glory International Group, Inc manufactures, distributes, and retails apparel in the People's Republic of China, Germany, the United Kingdom, rest of Europe, Japan, and the United States. It operates in two segments, Wholesale and Retail. The company primarily offers casual wear, outerwear, and sportswear.
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