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TheStreet downgraded Fred's, Inc. (NASDAQ:FRED) to D in a report released today.

Yesterday Fred's, Inc. (NASDAQ:FRED) traded 0.16% higher at $6.64. The company’s 50-day moving average is $7.39 and its 200-day moving average is $12.62. The last stock close price is down -49.59% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 506,754 shares of the stock were exchanged, down from an average trading volume of 1,583,720

TheStreet has downgraded Fred's, Inc. (NASDAQ:FRED) to D in a report released on 07/03/2017.

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Fred's, Inc. (NASDAQ:FRED)

Fred's, Inc. has a 52 week low of $6.17 and a 52 week high of $21.77 The company’s market cap is currently $0.

In addition to TheStreet reporting its target price, a total of 4 firms have issued a report on the stock. The consensus target price is $15.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About 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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