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Credit Suisse downgraded RetailMeNot (NASDAQ:SALE) from Outperform to Neutral in a report released today.

Credit Suisse has downgraded Retailmenot (NASDAQ:SALE) from Outperform to Neutral in a statement released on 4/11/2017.

On 1/11/2017, Credit Suisse released a statement for RetailMeNot (NASDAQ:SALE) bumped up the target price from $0.00 to $9.00 that suggested an upside of 0.04%.

Just yesterday RetailMeNot (NASDAQ:SALE) traded 0.00% even at $7.75. RetailMeNot’s 50-day moving average is $8.58 and its 200-day moving average is $9.10. With the last closing price down 26.88% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same time. 1,061,339 shares of RetailMeNot exchanged hands, up from an avg. volume of 572,805

See Chart Below

RetailMeNot has a 52 week low of $6.69 and a 52 week high of $12.93 with a PE ratio of 288.75 SALE’s total market value is presently $0.

More About RetailMeNot (NASDAQ:SALE)

RetailMeNot Inc. operates a savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company operates through two segments: Core and Gift Card. The Core segment consists of all other products and services that are related to its marketplace for Digital Offers. The Gift Card segment consists of its marketplace for gift cards. The Company's Websites offer its consumers digital offers from retailers and brands across multiple product categories. The Company's mobile applications allow consumers to shop when they want, where they want. The Company's e-mail newsletter allows consumers to stay informed about featured digital offers, while its alerts notify consumers when digital offers from their preferred retailers become available. The Company provides paid merchants access to a large marketplace dedicated to digital offers, offering a large and engaged audience of consumers with intent to purchase.

The post Credit Suisse downgraded RetailMeNot (NASDAQ:SALE) from Outperform to Neutral in a report released today. appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Credit Suisse downgraded RetailMeNot (NASDAQ:SALE) from Outperform to Neutral in a report released today.

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