NEW YORK (TheStreet) -- Quiksilver (ZQK) stock closed higher on Friday following the disclosure of insider buys from two top executives and after UBS voiced its support for the company in a research note.
In a SEC filing, Quiksilver CEO Andrew Mooney disclosed he had purchased 100,000 shares of common stock for $3.40 a share, while CFO Richard Shields purchased 100,000 shares of common stock at a median price of $3.37 a share.
In a note to investors Friday, UBS said that Quiksilver is still a top-pick on its M&A list. The firm said that Quiksilver's relationship with VF Corp (VFC) could give it an advantage to turn around.
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TheStreet Ratings team rates QUIKSILVER INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate QUIKSILVER INC (ZQK) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows: