The price of Vestis Corp (NYSE:VSTS) shares last traded on Wall Street fell -2.29% to $11.97.
VSTS stock price is now -3.44% away from the 50-day moving average and -29.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.57B.
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On May 07, 2024, Redburn Atlantic Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $13.40, while ‘Stifel’ rates the stock as ‘Hold’
In other news, Pertz Douglas A, Director bought 22,442 shares of the company’s stock on May 28 ’24. The stock was bought for $260,706 at an average price of $11.62. Upon completion of the transaction, the Director now directly owns 218,046 shares in the company, valued at $2.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24 ’24, 10% Owner Corvex Management LP bought 100,000 shares of the business’s stock. A total of $1,202,000 was incurred on buying the stock at an average price of $12.02. This leaves the insider owning 17,007,877 shares of the company worth $203.58 million. A total of 0.72% of the company’s stock is owned by insiders.
During the past 12 months, Vestis Corp has had a low of $8.92 and a high of $22.37. As of last week, the company has a debt-to-equity ratio of 1.80, a current ratio of 2.51, and a quick ratio of 1.16. The fifty day moving average price for VSTS is $12.258 and a two-hundred day moving average price translates $16.91031 for the stock.
The latest earnings results from Vestis Corp (NYSE: VSTS) was released for 2024-03-29. The company reported revenue of $705.37 million for the quarter, compared to $700.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.67 percent.
