Markets
NLS

Stock Alert: Will The Uptrend Continue At Nautilus?

(RTTNews) - Shares of fitness products company Nautilus, Inc. (NLS) rose 29.36% in Thursday's intraday trading before closing at $2.82, but well below its 52-week high of $11.83.

The stock is nearly 60% up in the last 4 trading sessions. The trading volume of 3763K was almost 5 times more than the average.

Nautilus expects its right-sizing efforts, which were reported in July last year, will save about $6 million in workforce and shared support cost reductions in 2020.

In the third quarter ended September 30, 2019, the company's net sales decreased 32.2% to $61.7 million from $91.1 million in the corresponding quarter last year. Loss from continuing operations for the third quarter of $0.36 per share missed the consensus estimate of $0.04 loss per share.

Nautilus is expected to report its fourth-quarter results on February 24.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NLS

Latest Markets Videos