Kate Spade & Company (NYSE:KATE) is primed for a massive rally

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Kate Spade & Company (NYSE:KATE)‘s shares have oscillated between a high of $-24.17% and a low of $31.10% over the last 12 months.

For the last 50 days, the stock has risen to a peak price of $-24.17% and hit a bottom of $11.33%.

The Barchart Technical Opinion rating is a 16% Sell with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Minimum.

Recently, Kate Spade & Company (NYSE:KATE) announced that it is investigating potential claims against the Board of Directors of Kate Spade & Company (“Kate Spade” or “the Company”) (NYSE- KATE-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Coach, Inc. (“Coach”).

On moving volumes measurements, the stock?s 20-Day Simple Moving Average price is $2.05%, 50-Day Simple Moving Average is $-12.68% and 200-Day Simple Moving Average is $-1.68%.

The stock is now moved -1.55%% for the year. Over the last six months it has moved 21.32%%, compared with a movement of 0.38%% for the quarter, -6.84%% for the month and 9.67%% for the week.

The average volume, usually a measurement of three months average, is 6.36M. Relative volume on the other hand is 29.09. In total, Kate Spade & Company has 128.39M shares outstanding, with 127.93M of them being free float shares.

The stock?s short float stands at 5.15%, working out to a short ratio of 1.04.

Institutional investors own 97.40% of Kate Spade & Company’s equity, while insiders own 0.70% of the stock. In the last couple of months, the stock has seen -2.18% institutional investor transactions, compared to -3.13% insider transactions.

How have the investors seen their investment in the stock change? Kate Spade & Company’s return on equity for the trailing 12 months is 37.70%% and return on investments for a similar period calculates to 21.80%%. The company posted return on assets of 13.50%% for the same trailing 12 months period.

Does Kate Spade & Company have the ability to keep its doors open ? at least over the short-term? The compay’s current ratio at the end of the most recent quarter was 3.70, while quick ratio for the same period was 2.60.

For the matters of debt, the company’s Long Term Debt/Equity for the most recent quarter was 0.89 and Total Debt/Equity for the same period was 0.90.

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