Sothebys Stock Downgraded (BID)
- Net operating cash flow has increased to -$82.87 million or 10.47% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -3.48%.
- Despite currently having a low debt-to-equity ratio of 0.53, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that BID's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.97 is high and demonstrates strong liquidity.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Diversified Consumer Services industry. The net income has significantly decreased by 53.5% when compared to the same quarter one year ago, falling from -$19.36 million to -$29.72 million.
- The gross profit margin for SOTHEBY'S is currently extremely low, coming in at 2.40%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -51.10% is significantly below that of the industry average.
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