The price of Vestis Corp (NYSE:VSTS) shares last traded on Wall Street rose 5.13% to $16.39.
VSTS stock price is now 8.95% away from the 50-day moving average and 12.47% away from the 200-day moving average. The market capitalization of the company currently stands at $2.27B.
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With the price target maintained at $13, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for Vestis Corp (NYSE: VSTS). , while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, Pertz Douglas A, Director bought 54,468 shares of the company’s stock on May 24 ’24. The stock was bought for $653,055 at an average price of $11.99. Upon completion of the transaction, the Director now directly owns 195,604 shares in the company, valued at $3.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’24, Director Pertz Douglas A bought 22,442 shares of the business’s stock. A total of $260,706 was incurred on buying the stock at an average price of $11.62. This leaves the insider owning 218,046 shares of the company worth $3.57 million. A total of 0.87% 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 1.53, a current ratio of 1.73, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $3342649856, which is based on a 103.02 price-to-earnings ratio, a 8.11 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for VSTS is $15.0442 and a two-hundred day moving average price translates $14.57335 for the stock.
The latest earnings results from Vestis Corp (NYSE: VSTS) was released for 2024-06-28. The net profit margin was 0.75% and return on equity was 2.36% for VSTS. The company reported revenue of $698.25 million for the quarter, compared to $709.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.57 percent.
