Lazydays (NASDAQ:GORV) Trading 4.4% Higher – What’s Next?

Lazydays Holdings, Inc. (NASDAQ:GORV) shares shot up 4.4% on Thursday . The stock traded as high as $0.38 and last traded at $0.31. 14,284,859 shares traded hands during mid-day trading, an increase of 589% from the average session volume of 2,072,568 shares. The stock had previously closed at $0.29.

Lazydays Trading Up 4.4%

The company has a fifty day moving average of $0.25 and a two-hundred day moving average of $0.63. The company has a current ratio of 0.91, a quick ratio of 0.12 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $33.71 million, a price-to-earnings ratio of -0.02 and a beta of 1.77.

Lazydays (NASDAQ:GORV) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.09) EPS for the quarter. Lazydays had a negative return on equity of 62.37% and a negative net margin of 20.83%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Coliseum Capital Management LLC lifted its holdings in shares of Lazydays by 1,072.8% during the fourth quarter. Coliseum Capital Management LLC now owns 76,492,984 shares of the company’s stock worth $73,051,000 after buying an additional 69,970,561 shares during the last quarter. Alta Fundamental Advisers LLC acquired a new position in shares of Lazydays during the fourth quarter worth approximately $13,212,000. Park West Asset Management LLC acquired a new position in shares of Lazydays during the fourth quarter worth approximately $10,382,000. Cannell Capital LLC lifted its holdings in shares of Lazydays by 17.5% during the fourth quarter. Cannell Capital LLC now owns 1,219,062 shares of the company’s stock worth $1,164,000 after buying an additional 181,280 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Lazydays by 2,077.6% during the first quarter. Goldman Sachs Group Inc. now owns 275,295 shares of the company’s stock worth $89,000 after buying an additional 262,653 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Lazydays Company Profile

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.