New York & Company, Inc. (NYSE:NWY) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Thursday.

New York & Company, Inc. (NYSE:NWY) traded down $0.34 during midday trading on Thursday, reaching $3.16. 170,729 shares of the company’s stock traded hands, compared to its average volume of 194,592. The company has a quick ratio of 0.63, a current ratio of 1.38 and a debt-to-equity ratio of 0.13. The firm has a market cap of $202.42, a price-to-earnings ratio of -22.57 and a beta of 1.51. New York & Company, Inc. has a 52 week low of $1.28 and a 52 week high of $3.50.

New York & Company, Inc. (NYSE:NWY) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $214.18 million for the quarter. New York & Company, Inc. had a negative net margin of 0.99% and a negative return on equity of 2.96%.

A number of hedge funds and other institutional investors have recently bought and sold shares of NWY. Northern Trust Corp grew its position in New York & Company, Inc. by 1.2% in the 2nd quarter. Northern Trust Corp now owns 104,475 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 1,267 shares during the last quarter. Nationwide Fund Advisors grew its position in New York & Company, Inc. by 839.6% in the 3rd quarter. Nationwide Fund Advisors now owns 68,545 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 61,250 shares during the last quarter. Paradigm Capital Management Inc. NY grew its position in New York & Company, Inc. by 1.5% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 5,922,068 shares of the specialty retailer’s stock worth $12,318,000 after purchasing an additional 89,182 shares during the last quarter. Bank of New York Mellon Corp grew its position in New York & Company, Inc. by 62.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 163,983 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 62,953 shares during the last quarter. Finally, Signia Capital Management LLC grew its position in New York & Company, Inc. by 24.4% in the 3rd quarter. Signia Capital Management LLC now owns 2,768,007 shares of the specialty retailer’s stock worth $5,758,000 after purchasing an additional 542,803 shares during the last quarter. Institutional investors own 82.21% of the company’s stock.

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About New York & Company, Inc.

New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states.

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