Fred's, Inc. (NASDAQ:FRED) has been upgraded to Hold in a statement by Deutsche Bank AG earlier today.
- Updated: October 2, 2016
Having a price of $9.06, Fred's, Inc. (NASDAQ:FRED) traded 5.19% higher on the day. With the last close down -32.05% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FRED has recorded a 50-day average of $11.30 and a two hundred day average of $14.02. Trade Volume was down over the average, with 23,861 shares of FRED changing hands under the typical 190,638
Deutsche Bank AG has upgraded Fred's, Inc. (NASDAQ:FRED) to Hold in a statement released on 10/03/2016.
Recent Performance Chart
Fred's, Inc. has with a one year low of $8.98 and a one year high of $17.14 and has a market capitalization of $0.
A total of 4 analysts have released a report on Fred's, Inc.. zero analysts rating the company a strong buy, zero analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $15.00.
General Company Details For Fred's, Inc. (NASDAQ:FRED)
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. The Company is licensed to dispense pharmaceuticals in approximately 50 states. The Company operates approximately 640 company-owned stores, including over 60 express stores (or Xpress stores). Fred's is a combination of pharmacy, dollar store and mass merchant strategically located in smaller markets. It offers various product categories, including consumables, such as tobacco, food and beverage, prescription pharmaceuticals, paper and cleaning supplies, pet supplies, health and beauty aids, and discretionary products, such as home decor, seasonal merchandise, auto and hardware, and lawn and garden.
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