Genesco Inc. (GCO) Plunges 40.07% on March 18

Equities Staff  |

Genesco Inc. (GCO) had a rough trading day for Wednesday March 18 as shares tumbled 40.07%, or a loss of $-5.91 per share, to close at $8.84. After opening the day at $13.77, shares of Genesco Inc. traded as high as $14.14 and as low as $5.52. Volume was 1.2 million shares over 11,997 trades, against an average daily volume of n/a shares and a total float of 14.7 million.

As a result of the decline, Genesco Inc. now has a market cap of $129.95 million. In the last year, shares of Genesco Inc. have traded between a range of $53.21 and $14.15, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Genesco Inc., check out Equities.com’s Stock Valuation Analysis report for GCO.

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Genesco Inc sells footwear, headwear, sports apparel, and accessories. The company has four reportable segments namely Journeys Group, derives maximum revenue which comprised of Journeys, Journeys Kidz and Little Burgundy retail footwear chains, e-commerce operations, and catalog. Its Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations and catalog and wholesale distribution of products under the Johnston & Murphy and H.S. Trask brands. Licensed Brands, comprised of Dockers Footwear, under a license from Levi Strauss & Company.

Genesco Inc. is based out of Nashville, TN and has some 21,000 employees. Its CEO is Mimi Eckel Vaughn.

Genesco Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Genesco Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: GCO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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