Citi Trends Stock Gaps Down On Today's Open (CTRN)
Shares of Citi Trends (Nasdaq:CTRN) were gapping down Wednesday morning with an open price 19.4% lower than Tuesday's closing price. The stock closed at $15.90 yesterday and opened today's trading at $12.81.
NEW YORK ( TheStreet) -- Shares of Citi Trends (Nasdaq: CTRN) were gapping down Wednesday morning with an open price 19.4% lower than Tuesday's closing price. The stock closed at $15.90 Tuesday and opened today's trading at $12.81. The average volume for Citi Trends has been 163,600 shares per day over the past 30 days. Citi Trends has a market cap of $234.3 million and is part of the services sector and retail industry. Shares are down 36.3% year to date as of the close of trading on Tuesday. Citi Trends, Inc. operates as a retailer of urban fashion apparel and accessories in the United States. Its merchandise includes sportswear, dresses, outerwear, footwear, and intimate apparel and accessories, as well as an assortment of home decor items. The company has a P/E ratio of 11.1, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Citi Trends as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Citi Trends Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.