Steelcase (NYSE:SCS) Hits New 1-Year Low - Time to Sell?

Steelcase Inc. (NYSE:SCS - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $10.59 and last traded at $10.59, with a volume of 328709 shares changing hands. The stock had previously closed at $10.99.

Steelcase Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. The company has a market capitalization of $1.22 billion, a PE ratio of 11.16, a PEG ratio of 1.25 and a beta of 1.33. The company has a 50 day moving average price of $11.65 and a 200 day moving average price of $12.40.

Insider Activity

In related news, VP Robert G. Krestakos sold 5,000 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total value of $58,700.00. Following the completion of the sale, the vice president now directly owns 114,481 shares of the company's stock, valued at $1,344,006.94. The trade was a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.96% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its position in shares of Steelcase by 92.3% during the 4th quarter. Mackenzie Financial Corp now owns 100,432 shares of the business services provider's stock valued at $1,187,000 after acquiring an additional 48,192 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Steelcase during the fourth quarter worth $386,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Steelcase by 8.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 170,830 shares of the business services provider's stock worth $2,019,000 after purchasing an additional 13,428 shares during the period. Virtus Fund Advisers LLC lifted its position in shares of Steelcase by 228.9% in the 4th quarter. Virtus Fund Advisers LLC now owns 7,893 shares of the business services provider's stock worth $93,000 after buying an additional 5,493 shares during the last quarter. Finally, Virtus Investment Advisers Inc. boosted its holdings in shares of Steelcase by 35.2% in the 4th quarter. Virtus Investment Advisers Inc. now owns 100,856 shares of the business services provider's stock valued at $1,192,000 after buying an additional 26,256 shares during the period. Institutional investors own 92.42% of the company's stock.

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Steelcase Company Profile

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.