Pacific Sunwear of California Hits New 1-Year Low at $2.00 (PSUN)
Shares of Pacific Sunwear of California (NASDAQ:PSUN) hit a new 52-week low on Friday , American Banking News reports. The company traded as low as $2.00 and last traded at $2.02, with a volume of 212,170 shares. The stock had previously closed at $2.10.
PSUN has been the subject of a number of recent research reports. Analysts at DA Davidson cut their price target on shares of Pacific Sunwear of California from $5.50 to $4.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. Analysts at Telsey Advisory Group cut their price target on shares of Pacific Sunwear of California from $4.25 to $3.75 in a research note on Friday, May 30th. They now have a “not rated” rating on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $3.74.
The stock has a 50-day moving average of $2.2 and a 200-day moving average of $2.72. The company’s market cap is $139.2 million.
Pacific Sunwear of California (NASDAQ:PSUN) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.02. The company had revenue of $171.00 million for the quarter, compared to the consensus estimate of $170.74 million. During the same quarter last year, the company posted ($0.14) earnings per share. Pacific Sunwear of California’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Pacific Sunwear of California will post $-0.27 EPS for the current fiscal year.
Pacific Sunwear of California, Inc (NASDAQ:PSUN), together with its subsidiaries, is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.