Reitmans (TSE:RET) Trading Down 3.6% – What’s Next?

Reitmans Limited (TSE:RET) shares dropped 3.6% during trading on Monday . The stock traded as low as C$0.25 and last traded at C$0.27. Approximately 22,200 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 24,407 shares. The stock had previously closed at C$0.28.

Reitmans Price Performance

The company has a quick ratio of 0.26, a current ratio of 1.10 and a debt-to-equity ratio of 188.87. The business has a 50 day moving average of C$0.27. The company has a market capitalization of C$13.19 million and a P/E ratio of -0.09.

Insider Activity

In related news, Senior Officer Richard Wait sold 10,100 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of C$2.68, for a total value of C$27,068.00. Also, Senior Officer Alain Murad sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$2.56, for a total value of C$43,579.50. In the last 90 days, insiders have sold 81,700 shares of company stock valued at $211,484.

Reitmans Company Profile

Reitmans (Canada) Limited primarily engages in the retail of women's wearing apparel in Canada. Its products include shirts, blouses, pants, dresses, skirts, sweaters, outerwear, activewear, lingerie, and accessories. The company also offers apparel for men. It serves customers through retail and e-commerce channels, under the Reitmans, Addition Elle, Penningtons, RW & CO., Thyme Maternity, and Hyba brand names.