News coverage about Cato (NYSE:CATO) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cato earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 46.1293671330806 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- How Billionaires Are Hijacking Our Democracy—And How We Can Resist Them (msmagazine.com)
- Dumpster Diving for Retailer Cato (finance.yahoo.com)
- Heritage’s Corporate Lobby Inside Trump’s Government is Not the People’s Heritage (counterpunch.org)
- Cato Corp Shares Drop 3.5% Following February Same Store Sales Report (NYSE:CATO) (americanbankingnews.com)
- Cato Reports February Same-Store Sales Down 5% (finance.yahoo.com)
Cato (NYSE CATO) traded up $0.18 during midday trading on Wednesday, hitting $12.61. The company had a trading volume of 135,388 shares, compared to its average volume of 314,979. The firm has a market cap of $280.71, a P/E ratio of 27.93 and a beta of 0.94. Cato has a 12 month low of $10.76 and a 12 month high of $23.30.
Separately, TheStreet upgraded Cato from a “d+” rating to a “c-” rating in a research note on Wednesday, December 6th.
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Cato Company Profile
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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