Media headlines about Fred's (NASDAQ:FRED) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fred's earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.3065072307832 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
FRED has been the subject of a number of research analyst reports. Loop Capital reaffirmed a “hold” rating and issued a $4.00 target price on shares of Fred's in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of Fred's from a “hold” rating to a “strong sell” rating in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.00.
Shares of Fred's (NASDAQ:FRED) traded down $0.16 during mid-day trading on Wednesday, hitting $2.89. 1,128,000 shares of the stock were exchanged, compared to its average volume of 994,057. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.44 and a current ratio of 1.78. The company has a market cap of $117.74, a PE ratio of -0.79 and a beta of 1.53. Fred's has a 12 month low of $2.85 and a 12 month high of $16.27.
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Fred's Company Profile
Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.
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