Select Comfort Corp. Hits New 52-Week Low at $16.10 (SCSS)
Shares of Select Comfort Corp. (NASDAQ:SCSS) hit a new 52-week low during mid-day trading on Friday, AmericanBankingNews.com reports. The stock traded as low as $16.10 and last traded at $16.45, with a volume of 386,666 shares trading hands. The stock had previously closed at $16.43.
SCSS has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Select Comfort Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Tuesday, January 21st. They now have a $24.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Select Comfort Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 15th. They now have a $15.90 price target on the stock. Finally, analysts at Wedbush downgraded shares of Select Comfort Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $18.00 price target on the stock, down previously from $22.00. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Select Comfort Corp. currently has an average rating of “Hold” and an average target price of $21.82.
Select Comfort Corp. has a one year low of $16.27 and a one year high of $27.84. The stock has a 50-day moving average of $18.82 and a 200-day moving average of $21.53. The company has a market cap of $904.3 million and a price-to-earnings ratio of 13.95.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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