Ever-Glory International Group, Inc. (NASDAQ:EVK) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a report released on Friday.

Ever-Glory International Group (NASDAQ EVK) opened at 2.35 on Friday. The firm’s 50-day moving average is $2.54 and its 200 day moving average is $2.61. Ever-Glory International Group has a 52 week low of $1.87 and a 52 week high of $3.00. The stock has a market cap of $34.76 million, a price-to-earnings ratio of 4.29 and a beta of 2.31.

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A hedge fund recently raised its stake in Ever-Glory International Group stock. Empirical Finance LLC increased its position in shares of Ever-Glory International Group, Inc. (NASDAQ:EVK) by 96.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,256 shares of the textile maker’s stock after buying an additional 15,824 shares during the period. Empirical Finance LLC owned approximately 0.22% of Ever-Glory International Group worth $903,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.42% of the company’s stock.

About Ever-Glory International Group

Ever-Glory International Group, Inc (Ever-Glory), through its subsidiaries, is a retailer of branded fashion apparel. Ever-Glory is also a global apparel supply chain solution provider with a focus on casual wear, outerwear and sportswear brands. The Company operates through two segments: Wholesale and Retail.

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