Home / Market Movers / Services Sector Gets a Lift from 4.13% Morning Gain for Ascena Retail Group Inc. (ASNA) on September 22

Services Sector Gets a Lift from 4.13% Morning Gain for Ascena Retail Group Inc. (ASNA) on September 22

Ascena Retail Group Inc. (ASNA) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of ASNA have tacked on 4.13% to $5.8 after closing the day prior at $5.57. In the first two and a half hours of trading, the stock has gone as high as $5.86 and as low as $5.55. Today’s rise has come with about 2.78 million shares changing hands, compared to an average 30-day volume of 3.73 million for Ascena Retail Group Inc.. The price is currently below the 30-day volume weighted average price of $5.74 for ASNA.

The share appreciation gives the company a market capitalization of $1.08 billion based upon 194.21 million shares outstanding. It also means that ASNA has a price-to-book ratio of 0.58:1.

In the past 52 weeks, shares of ASNA have traded as low as $5.33 and as high as $14.76. Technical traders will take note that at $5.8, shares of ASNA are trading below their 200-day MA at $8.42 and below their 50-day MA at $7.92. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is ASNA?

Ascena Retail Group Inc, through its subsidiaries, operates as a specialty retailer of apparel for women and tween girls and boys. The Company offers apparel, accessories, footwear, and lifestyle products, such as bedroom furnishings and electronics. The company’s 66000 employees are led by CEO David R. Jaffe from the corporate headquarters at 933 MacArthur Boulevard in Mahwah, NJ.

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