StockNews.com upgraded shares of Seritage Growth Properties (NYSE:SRG – Free Report) to a sell rating in a research report released on Thursday.
Seritage Growth Properties Stock Up 0.5 %
Shares of NYSE:SRG opened at $4.25 on Thursday. The company has a 50 day moving average price of $4.48 and a two-hundred day moving average price of $5.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 7.95 and a current ratio of 7.95. Seritage Growth Properties has a 52 week low of $3.63 and a 52 week high of $9.87. The company has a market capitalization of $239.12 million, a PE ratio of -2.03 and a beta of 2.57.
Seritage Growth Properties (NYSE:SRG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($0.28) EPS for the quarter. Seritage Growth Properties had a negative net margin of 485.15% and a negative return on equity of 5.89%. The firm had revenue of $4.22 million during the quarter.
Hedge Funds Weigh In On Seritage Growth Properties
About Seritage Growth Properties
Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold.
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