Cato (NYSE:CATO) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Cato Corporation (The) (NYSE:CATO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.10 and traded as high as $3.47. Cato shares last traded at $3.3720, with a volume of 202,484 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised Cato from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Cato Trading Up 7.7%

The company’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $3.10. The stock has a market capitalization of $67.31 million, a price-to-earnings ratio of -336.86 and a beta of 0.58.

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

Institutional Trading of Cato

An institutional investor recently bought a new stake in Cato stock. Jacobs Levy Equity Management Inc. bought a new position in Cato Corporation (The) (NYSE:CATO) during the first quarter, according to its most recent filing with the SEC. The firm bought 52,265 shares of the specialty retailer’s stock, valued at approximately $174,000. Jacobs Levy Equity Management Inc. owned approximately 0.26% of Cato as of its most recent SEC filing. Institutional investors 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.