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Zacks Investment Research downgraded Steelcase Inc. (NYSE:SCS) to Hold in a report released today.

Zacks Investment Research has downgraded Steelcase Inc. (NYSE:SCS) to Hold in a report released on Wednesday November 23, 2016.

Yesterday Steelcase Inc. (NYSE:SCS) traded 0.93% higher at $16.05. The company’s 50-day moving average is $14.16 and its 200-day moving average is $14.47. The last closing price is up 13.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 170,199 shares of the stock were exchanged, down from an average trading volume of 767,861

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Steelcase Inc. (NYSE:SCS)

Steelcase Inc. has a 52 week low of $11.67 and a 52 week high of $20.37 with a P/E ratio of 11.79 The company’s market cap is currently $0.

About Steelcase Inc. (NYSE:SCS)

Steelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company's segments include Americas, EMEA and Other Category. The Company's furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools. Its seating products include task chairs, which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. Its technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. It also offers services, which include workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces. Its family of brands includes Steelcase, Coalesse, Designtex, PolyVision and Turnstone.

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