Destination Maternity Corporation (DEST) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 23. At the lunch break, shares of DEST have tacked on 4.15% to $6.28 after closing the day prior at $6.03. In the first two and a half hours of trading, the stock has gone as high as $6.31 and as low as $6.03. Today’s rise has come with about 32,243 shares changing hands, compared to an average 30-day volume of 86,087 for Destination Maternity Corporation. The price is currently below the 30-day volume weighted average price of $6.2 for DEST.
The share appreciation gives the company a market capitalization of $84.5 million based upon 14.01 million shares outstanding. It also means that DEST has a price-to-book ratio of 0.89:1.
In the past 52 weeks, shares of DEST have traded as low as $4.9 and as high as $10.24. Technical traders will take note that at $6.28, shares of DEST are trading below their 200-day MA at $6.8 and above their 50-day MA at $5.74. 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 DEST?
Destination Maternity Corp is a designer and retailer of maternity apparel in the United States & operates a chain of maternity specialty stores. The company’s 4200 employees are led by CEO Anthony M. Romano from the corporate headquarters at 232 Strawbridge Drive in Moorestown, NJ.
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