Netshoes (CAYMAN) (NETS) Sees Unusually-High Trading Volume

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Netshoes (CAYMAN) Ltd (NYSE:NETS) shares saw unusually-high trading volume on Friday . Approximately 958,162 shares changed hands during trading, an increase of 985% from the previous session’s volume of 88,292 shares.The stock last traded at $1.64 and had previously closed at $1.46.

NETS has been the subject of a number of research reports. ValuEngine raised Netshoes (CAYMAN) from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research raised Netshoes (CAYMAN) from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research report on Friday, January 4th.

The stock has a market capitalization of $49.33 million, a price-to-earnings ratio of -0.91 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.18 and a quick ratio of 0.58.

A hedge fund recently bought a new stake in Netshoes (CAYMAN) stock. Newfoundland Capital Management purchased a new position in Netshoes (CAYMAN) Ltd (NYSE:NETS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 135,640 shares of the company’s stock, valued at approximately $202,000. Newfoundland Capital Management owned about 0.44% of Netshoes (CAYMAN) at the end of the most recent reporting period. Hedge funds and other institutional investors own 44.03% of the company’s stock.

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About Netshoes (CAYMAN) (NYSE:NETS)

Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Brazil and internationally. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion primarily under the Netshoes and Zattini brands.

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