This story has been updated from 12:19 pm EST with analyst comment, additional information and stock price update.
NEW YORK (TheStreet) -- Shares of RadioShack Corp. (RSH) surged 16.5% to $1.06, following the struggling electronics retailer's announcement that it appointed Holly Etlin as interim CFO today after John Feray resigned from the position on September 12.
Etlin, a managing director of consulting firm AlixPartners LLP, is a longtime RadioShack adviser. Etlin served as RadioShack's interim CFO from July 2013 to February 2014.
"Our thesis remains unchanged," wrote David Schick, an analyst at Stifel. "The chance of bankruptcy/restructuring remains considerable with capital needed in the very near term. Trends are unlikely to turn around given mobility pressures in 3Q14 and possibly for the balance of the year. Ms. Etlin can only do so much as an interim CFO
(pressures largely unchanged during her previous tenure from July 2013 to February 2014). For any chance of traction, RSH needs a capital infusion, flexibility from lenders, and for the new management team to inspire a shared vision to redefine the business."
Separately, TheStreet Ratings team rates RADIOSHACK CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIOSHACK CORP (RSH) a SELL. This is driven by several weaknesses, 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, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."
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