Ever-Glory International Group (NASDAQ:EVK) Given “Buy” Rating at Warburg Research

Warburg Research reaffirmed their buy rating on shares of Ever-Glory International Group (NASDAQ:EVK) in a research note published on Tuesday, Stock Target Advisor reports. Warburg Research currently has a $36.00 price objective on the textile maker’s stock.

Other analysts have also issued reports about the company. Barclays reiterated a neutral rating and set a $24.00 price objective on shares of Ever-Glory International Group in a report on Monday, October 21st. Baader Bank reiterated a buy rating and set a $29.00 price objective on shares of Ever-Glory International Group in a report on Tuesday, October 29th. Independent Research reiterated a neutral rating and set a $27.00 price objective on shares of Ever-Glory International Group in a report on Tuesday. Credit Suisse Group restated a neutral rating and set a $25.00 target price on shares of Ever-Glory International Group in a report on Tuesday. Finally, ValuEngine upgraded Ever-Glory International Group from a sell rating to a hold rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $26.40.

Shares of NASDAQ:EVK opened at $2.65 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.07. Ever-Glory International Group has a 1 year low of $2.35 and a 1 year high of $4.20. The business has a fifty day simple moving average of $3.20 and a 200 day simple moving average of $3.28. The firm has a market cap of $46.24 million, a price-to-earnings ratio of 4.59 and a beta of 0.51.

Ever-Glory International Group (NASDAQ:EVK) last announced its quarterly earnings data on Wednesday, August 14th. The textile maker reported $0.13 earnings per share (EPS) for the quarter. Ever-Glory International Group had a return on equity of 9.10% and a net margin of 2.35%. The business had revenue of $77.32 million during the quarter.

A hedge fund recently bought a new stake in Ever-Glory International Group stock. Citadel Advisors LLC bought a new stake in shares of Ever-Glory International Group Inc (NASDAQ:EVK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,894 shares of the textile maker’s stock, valued at approximately $40,000. Citadel Advisors LLC owned approximately 0.09% of Ever-Glory International Group at the end of the most recent reporting period. 0.50% of the stock is owned by institutional investors.

About Ever-Glory International Group

Ever-Glory International Group, Inc manufactures, distributes, and retails apparel in the People's Republic of China, Germany, the United Kingdom, rest of Europe, Japan, and the United States. It operates in two segments, Wholesale and Retail. The company primarily offers casual wear, outerwear, and sportswear.

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Analyst Recommendations for Ever-Glory International Group (NASDAQ:EVK)

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