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

ValuEngine has downgraded Fred's, Inc. (NASDAQ:FRED) to Sell in a report released on Friday June 02, 2017.

Only yesterday Fred's, Inc. (NASDAQ:FRED) traded 0.00% even at $13.08. FRED’s 50-day average is $6.37 and its two hundred day average is $9.46. With the last stock price up -43.04% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 464,716 shares of FRED traded hands, down from an average trading volume of 968,840

Recent Performance Chart

Fred's, Inc. (NASDAQ:FRED)

Fred's, Inc. has 52 week low of $5.22 and a 52 week high of $21.77 and has a market capitalization of $0.

In addition to ValuEngine reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $15.00 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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