Cato (NYSE:CATO) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Cato Corporation (The) (NYSE:CATO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.10 and traded as high as $3.43. Cato shares last traded at $3.2090, with a volume of 363,166 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Cato from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cato presently has an average rating of “Sell”.

Cato Stock Down 3.9%

The stock has a market cap of $64.05 million, a price-to-earnings ratio of -320.58 and a beta of 0.58. The company’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $3.10.

Cato (NYSE:CATO) last posted its quarterly earnings results on Tuesday, May 26th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter. Cato had a return on equity of 0.05% and a net margin of 0.01%.The company had revenue of $171.10 million for the quarter.

Institutional Trading of Cato

A hedge fund recently bought a new position in Cato stock. Jacobs Levy Equity Management Inc. bought a new position in Cato Corporation (The) (NYSE:CATO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned 0.26% of Cato at the end of the most recent reporting period. Institutional investors and hedge funds own 61.10% of the company’s stock.

About Cato

Cato Corporation is a specialty apparel retailer headquartered in Charlotte, North Carolina. Founded in 1946 by Carl and Bernice Cato, the company operates two banner store concepts—Cato and Versona—and maintains an e-commerce platform to extend its reach beyond brick-and-mortar locations. Cato’s retail mission centers on providing fashionable women’s clothing and accessories at moderate price points.

With over 1,200 stores across more than 30 U.S. states, primarily concentrated in the Southeastern and Mid-Atlantic regions, Cato serves a broad customer base seeking everyday and occasion-driven wardrobe solutions.