Notable Stock News to Watch: The Cato Corporation (NYSE:CATO)

The Cato Corporation (NYSE:CATO) stock revealed change of -4.53% away from 52-week low price and recently located move of -45.51% off 52-week high price. It has market worth of $290.90M and dividend yield of 12.28%. CATO stock has been recorded -31.87% away from 50 day moving average and -32.36% away from 200 day moving average. Moving closer, we can see that shares have been trading -28.09% off 20-day moving average.

On March 18, 2020, The Cato Corporation (NYSE:CATO) revealed the temporary closing of its retail locations.  Effective 6:00pm, March 18, all Cato, It’s Fashion, It’s Fashion Metro and Versona stores will close from March 19, 2020 through April 1, 2020.

As COVID-19 has dramatically impacted our customers and the communities in which we are located, we have concluded that it is in everyone’s best interest to temporarily close our stores, said John Cato, Chairman, President and Chief Executive Officer.  Our primary concern remains the health and safety of our community, customers and associates.

To better serve our customers during this unprecedented time, we will continue to operate our e-commerce sites and and thank our associates who make that possible.

The Services sector company, The Cato Corporation noticed change of -12.46% to $10.75 along volume of 228039 shares in recent session compared to an average volume of 182.80K shares. The stock observed return of -19.84% in 5 days trading activity. The stock was at -37.02% over one month performance. CATO’s shares are at -38.92% for the quarter and driving a -22.72% return over the course of the past year and is now at -38.22% since this point in 2018.

The average volatility for the week at 11.64% and for month was at 7.38%. There are 27.06M shares outstanding and 21.63M shares are floated in market. Right now the stock beta is 0.48.


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