Reitmans (TSE:RET) Stock Price Down 3.6% – Should You Sell?

Shares of Reitmans Limited (TSE:RET) fell 3.6% during trading on Monday . The stock traded as low as C$0.25 and last traded at C$0.27. 22,200 shares changed hands during trading, a decline of 9% from the average session volume of 24,407 shares. The stock had previously closed at C$0.28.

Reitmans Trading Down 3.6 %

The stock has a market cap of C$13.19 million and a P/E ratio of -0.09. The company has a current ratio of 1.10, a quick ratio of 0.26 and a debt-to-equity ratio of 188.87. The firm’s 50 day simple moving average is C$0.27.

Insiders Place Their Bets

In other Reitmans news, Senior Officer Alain Murad sold 17,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$2.56, for a total transaction of C$43,579.50. Also, Senior Officer Richard Wait sold 20,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$2.50, for a total transaction of C$50,000.00. Insiders have sold a total of 81,700 shares of company stock worth $211,484 in the last 90 days.

About Reitmans

Reitmans (Canada) Limited primarily engages in the retail of women's wearing apparel in Canada. Its products include shirts, blouses, pants, dresses, skirts, sweaters, outerwear, activewear, lingerie, and accessories. The company also offers apparel for men. It serves customers through retail and e-commerce channels, under the Reitmans, Addition Elle, Penningtons, RW & CO., Thyme Maternity, and Hyba brand names.