Trans World Entertainment (TWMC) Sees Strong Trading Volume

Shares of Trans World Entertainment Co. (NASDAQ:TWMC) saw unusually-strong trading volume on Thursday . Approximately 1,099,209 shares were traded during trading, an increase of 652% from the previous session’s volume of 146,174 shares.The stock last traded at $0.40 and had previously closed at $0.33.

Trans World Entertainment (NASDAQ:TWMC) last announced its quarterly earnings data on Thursday, March 28th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter. Trans World Entertainment had a negative net margin of 23.18% and a negative return on equity of 29.29%. The company had revenue of $127.43 million for the quarter.

A hedge fund recently raised its stake in Trans World Entertainment stock. Renaissance Technologies LLC grew its stake in shares of Trans World Entertainment Co. (NASDAQ:TWMC) by 10.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 726,300 shares of the specialty retailer’s stock after buying an additional 68,000 shares during the quarter. Renaissance Technologies LLC owned 2.00% of Trans World Entertainment worth $690,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.82% of the company’s stock.

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Trans World Entertainment Company Profile (NASDAQ:TWMC)

Trans World Entertainment Corporation, together with its subsidiaries, operates as a specialty retailer of entertainment products. The company operates in two segments, For Your Entertainment (fye) and etailz. The fye segment offers trend, video, music, electronics, and related products, as well as used compact discs, DVDs, Blu-Ray, and video games through its retail stores and e-commerce sites.

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