StockNews.com Begins Coverage on Ever-Glory International Group (NASDAQ:EVK)

StockNews.com started coverage on shares of Ever-Glory International Group (NASDAQ:EVKGet Rating) in a report published on Monday. The brokerage issued a hold rating on the textile maker’s stock.

Shares of EVK opened at $1.67 on Monday. Ever-Glory International Group has a 1-year low of $1.09 and a 1-year high of $6.22. The company has a 50-day moving average of $1.74 and a 200 day moving average of $2.31. The firm has a market capitalization of $24.74 million, a price-to-earnings ratio of 18.56 and a beta of -0.67.

A hedge fund recently raised its stake in Ever-Glory International Group stock. Citadel Advisors LLC grew its holdings in Ever-Glory International Group, Inc. (NASDAQ:EVKGet Rating) by 62.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,344 shares of the textile maker’s stock after purchasing an additional 12,778 shares during the quarter. Citadel Advisors LLC owned approximately 0.23% of Ever-Glory International Group worth $97,000 at the end of the most recent reporting period. 1.35% of the stock is currently owned by institutional investors and hedge funds.

About Ever-Glory International Group (Get Rating)

Ever-Glory International Group, Inc, together with its subsidiaries, manufactures, supplies, and retails apparel in Mainland China, Hong Kong, Germany, the United Kingdom, Europe, Japan, and the United States. It operates through two segments, Wholesale and Retail. The company primarily offers casual wear, outerwear, and sportswear.

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