Tuesday Morning (OTCMKTS:TUEM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The brokerage currently has a $2.50 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 17.37% from the stock’s previous close.
According to Zacks, “Tuesday Morning is off-price retailer specializing in name-brand, products for the home, including upscale home textiles, home furnishings, housewares, gourmet food, toys and seasonal décor, at prices generally below those found in boutique, specialty and department stores, catalogs and on-line retailers. Tuesday Morning is based in Dallas, Texas. “
Shares of OTCMKTS TUEM traded down $0.06 during midday trading on Wednesday, reaching $2.13. 117,557 shares of the stock traded hands, compared to its average volume of 686,791. The company has a quick ratio of 0.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. Tuesday Morning has a one year low of $1.00 and a one year high of $5.01. The company’s 50 day moving average is $2.49 and its 200 day moving average is $3.35.
Tuesday Morning (OTCMKTS:TUEM) last posted its earnings results on Thursday, November 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). The firm had revenue of $176.87 million for the quarter, compared to the consensus estimate of $183.62 million. Tuesday Morning had a negative net margin of 4.28% and a positive return on equity of 4.97%. As a group, equities analysts predict that Tuesday Morning will post -0.28 EPS for the current fiscal year.
Knightscope, Inc., a developer of advanced physical security technologies focused on enhancing U.S. security operations, has commenced its offering of up to $40 million of Class A common stock, with shares to be listed immediately following closing on NASDAQ under the ticker symbol “KSCP.”
A number of large…
