Lazydays (NASDAQ:GORV) Stock Price Down 7.6% - Here's What Happened

Lazydays Holdings, Inc. (NASDAQ:GORV - Get Free Report)'s share price fell 7.6% during mid-day trading on Tuesday . The stock traded as low as $6.86 and last traded at $7.08. 51,576 shares were traded during mid-day trading, a decline of 33% from the average session volume of 77,286 shares. The stock had previously closed at $7.66.

Lazydays Stock Performance

The firm has a 50 day moving average of $7.01 and a 200-day moving average of $13.71. The stock has a market capitalization of $23.60 million, a PE ratio of -0.03 and a beta of 1.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.25 and a current ratio of 0.89.

Lazydays (NASDAQ:GORV - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($2.70) earnings per share (EPS) for the quarter. Lazydays had a negative return on equity of 118.18% and a negative net margin of 21.54%.

Institutional Investors Weigh In On Lazydays

Several hedge funds have recently bought and sold shares of GORV. Geode Capital Management LLC lifted its stake in Lazydays by 18.3% in the 4th quarter. Geode Capital Management LLC now owns 159,901 shares of the company's stock worth $153,000 after acquiring an additional 24,785 shares in the last quarter. Cannell Capital LLC lifted its stake in Lazydays by 17.5% in the 4th quarter. Cannell Capital LLC now owns 1,219,062 shares of the company's stock worth $1,164,000 after acquiring an additional 181,280 shares in the last quarter. Park West Asset Management LLC purchased a new stake in Lazydays in the 4th quarter worth about $10,382,000. Alta Fundamental Advisers LLC purchased a new stake in Lazydays in the 4th quarter worth about $13,212,000. Finally, Coliseum Capital Management LLC raised its stake in shares of Lazydays by 1,072.8% during the 4th quarter. Coliseum Capital Management LLC now owns 76,492,984 shares of the company's stock worth $73,051,000 after purchasing an additional 69,970,561 shares in the last quarter. 89.67% of the stock is owned by hedge funds and other institutional investors.

Lazydays Company Profile

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.