Express Inc. (EXPR) Plunges 10.12% on March 13

Express Inc. (EXPR) Plunges 10.12% on March 13

Express Inc. (EXPR) had a rough trading day for Wednesday March 13 as shares tumbled 10.12%, or a loss of $-0.51 per share, to close at $4.53. After opening the day at $4.33, shares of Express Inc. traded as high as $4.96 and as low as $4.28. Volume was 8.11 million shares over 31,455 trades, against an average daily volume of 2.23 million shares and a total float of 68.53 million.

As a result of the decline, Express Inc. now has a market cap of $310.43 million.

The stock has a P/E Ratio of 9.9.

Express, Inc. is a specialty apparel retailer targeting men and women between 20 and 30 years old. The company operates around hundreds of stores in North America and has franchisees in Latin America, the Middle East, and South Africa. It also sells through its e-commerce website and its mobile app. Most apparel is designed in-house and manufactured by third parties located primarily in Asia and South and Central America. The company uses third-party distribution centers in Ohio and Kentucky to receive and distribute most products. Express leases all of its retail stores, most of which are located in shopping malls.

Express Inc. is based out of Columbus, OH and has some 16,000 employees. Its CEO is Matthew C. Moellering.

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