LXRandCo (TSE:LXR) Issues Earnings Results
LXRandCo (TSE:LXR) released its quarterly earnings results on Wednesday, November 14th. The company reported C($0.19) EPS for the quarter, Morningstar.com reports. The company had revenue of C$9.95 million for the quarter, compared to analysts’ expectations of C$9.00 million.
LXRandCo stock traded down C$0.01 during trading hours on Friday, reaching C$0.38. 1,000 shares of the stock were exchanged, compared to its average volume of 23,610. The company has a debt-to-equity ratio of 71.86, a quick ratio of 0.52 and a current ratio of 1.60. LXRandCo has a 52-week low of C$0.19 and a 52-week high of C$5.80.
Separately, Canaccord Genuity downgraded shares of LXRandCo from a “speculative buy” rating to a “hold” rating in a research report on Thursday, August 16th.
LXRandCo, Inc operates as an omni-channel retailer of branded vintage luxury handbags and accessories. The company is involved in the sale of its products through a retail network of stores located in department stores in Canada, the United States, and Europe; wholesale operations primarily in the United States; and its own e-commerce Website.
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