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Stein Mart (NASDAQ:SMRT) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.

Stein Mart (NASDAQ:SMRT) traded up 5.77% during mid-day trading on Wednesday, hitting $12.375. The stock had a trading volume of 154,165 shares. Stein Mart has a 1-year low of $7.44 and a 1-year high of $16.17. The stock’s 50-day moving average is $13. and its 200-day moving average is $13.87. The company has a market cap of $551.1 million and a price-to-earnings ratio of 16.55.

Stein Mart, Inc (NASDAQ:SMRT) is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store.

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