Over 2 Years Ago
1 Min Read
Revlon Interest Surging on Stocktwits
- Revlon (REV) is seeing a surge in interest on Stocktwits today.
- They have attracted 366 new followers, up 16.89% on the day.
- That’s the second biggest increase of all stocks we track.
- Trading at $4.61 as of 12:13pm, up 31.37% on the day. 320% off the 52 week low of $1.08 and 74% below the 52 week high of $17.65.
News
Revlon’s been in the news too. Here’s the lowdown:
Last week, CNBC reported that “Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain.” However, “The company said it expects to receive $575 million in debtor-in-possession financing from its existing lender base, which will help to support its day-to-day operations.”
Meanwhile, FT wrote yesterday that “Revlon bankruptcy complicated by Citi’s $900mn error.” Apparently a “data entry mistake in 2020 leads to infighting among creditors of indebted US cosmetics group.”
Commentary
What does the Stocktwits community have to say about it?
- Sentiment: +1.05%
- Message Volume: +13.85%
- 5107 Followers
Fundamentals
Here are the key Revlon financial fundamentals we’d consider:
- Market Cap: $423.25M
- Net Debt: $3.369B
- Quick ratio: .51
- Covered Ratio: .55
- Interest Coverage Ratio: .55
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