Steel Connect (STCN) Upgraded to “C-” at TheStreet

TheStreet upgraded shares of Steel Connect (NASDAQ:STCN) from a d rating to a c- rating in a report published on Thursday.

NASDAQ STCN opened at $1.96 on Thursday. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.32 and a quick ratio of 1.11. Steel Connect has a 52-week low of $1.46 and a 52-week high of $2.90.

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Steel Connect (NASDAQ:STCN) last posted its quarterly earnings results on Monday, March 19th. The technology company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $151.12 million during the quarter. Steel Connect had a negative return on equity of 40.08% and a net margin of 10.02%.

In other news, insider William Theodore Fejes, Jr. sold 170,000 shares of the stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $2.14, for a total value of $363,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by corporate insiders.

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Steel Connect Company Profile

Steel Connect, Inc, through its subsidiaries, provides supply chain and logistics services to the consumer electronics, communications, computing, medical devices, software, storage, retail, and other industries. It operates through four segments: Americas, Asia, Europe, and e-Business. The company offers material planning and factory supply solutions, including sourcing and delivering inbound materials, kitting and assembly of packaging materials and accessories, and managing logistics and delivery schedules into multiple manufacturing sites or partners; and value-added warehousing and distribution services, such as order management, pick, pack, ship, retail connectivity, demand planning, and integrated transportation management services, as well as solutions for the physical programming of digital content comprising software, firmware, upgrades, or promotional material onto various types of flash media.

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