Crocs (CROX) Trading Up 8.4%
Crocs, Inc. (NASDAQ:CROX)’s share price was up 8.4% on Tuesday . The company traded as high as $13.55 and last traded at $13.23. Approximately 2,862,800 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 1,509,940 shares. The stock had previously closed at $12.20.
Several equities analysts recently commented on the stock. ValuEngine lowered shares of Crocs from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies set a $12.00 price target on shares of Crocs and gave the stock a “hold” rating in a research report on Monday. Buckingham Research lowered shares of Crocs from a “neutral” rating to an “underperform” rating in a research report on Friday. Zacks Investment Research lowered shares of Crocs from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BidaskClub lowered shares of Crocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.25.
The stock has a market cap of $940.52, a PE ratio of -43.55, a P/E/G ratio of 2.96 and a beta of 0.43.
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Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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