NEW YORK (TheStreet) -- After ending Friday higher, Quiksilver (ZQK) stock is extending gains through to Monday. The company began to recover from post-earnings falls following the disclosure of insider buys from two top executives and after UBS voiced its support for the company in a research note.
By late afternoon, shares had added 5% to $3.87, contributing to a 9.9% gain over Friday's session.
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. Meanwhile, 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.ZQK Price data by YCharts
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 a number of negative factors, 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 deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."