Trans World Entertainment Corp. (TWMC): Price and Financial Metrics
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TWMC Price/Volume Stats
|Current price||$8.35||52-week high||$11.56|
|Prev. close||$7.03||52-week low||$1.68|
|Day high||$8.38||Avg. volume||117,596|
|50-day MA||$7.55||Dividend yield||N/A|
|200-day MA||$4.76||Market Cap||15.24M|
Trans World Entertainment Corp. (TWMC) Company Bio
Trans World Entertainment Corporation operates as a specialty retailer of entertainment products in the United States, the District of Columbia, and the U.S. Virgin Islands. It offers video, music, trend, electronics, video games, and related products through retail stores and e-commerce sites. The company was founded in 1972 and is based in Albany, New York.
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Below are the latest news stories about Trans World Entertainment Corp that investors may wish to consider to help them evaluate TWMC as an investment opportunity.
Trans World Entertainment (TWMC) is up ~6% in after-hours trading after it announced name change to “Kaspien Holdings Inc.” and new ticker “KSPN”.Company to begin trading under the ticker KSPN on the NASDAQ Capital Market, effective September 8, 2020....
Trans World Entertainment (Nasdaq – TWMC, “TWEC” or the “Company”) announced today it has secured additional financing for its wholly owned subsidiary etailz, Inc. (“etailz”) from investors led by Alimco Financial Corporation (“Alimco”). Together with the previously announced credit facility, etailz now has over $30 million in committed new financing. In connection with the financing, Tom Simpson and Jonathan Marcus will join a reconstituted board of directors.
“The sale of our FYE segment has put our stores and employees in the best position to continue forward and build upon an almost 50 year legacy,” said CEO Michael Feurer in a statement.
Trans World Entertainment Corporation Announces Closing of the Sale of its FYE Segment and Entry into a Credit Facility for its etailz Segment
Trans World Entertainment (Nasdaq – TWMC, “TWEC” or the “Company”) announced today that it has closed the previously-announced sale of substantially all of the assets constituting its For Your Entertainment (“FYE”) segment to a subsidiary of Sunrise Records and Entertainment Ltd. (“Sunrise”), the parent of Sunrise Records in Canada and HMV Records in the United Kingdom, for $10 million in cash, subject to net inventory and other adjustments, plus the assumption of certain liabilities (the “Transaction”). The Transaction was unanimously approved by the Company’s board of directors on January 23, 2020, and was approved by more than two-thirds of the Company’s shareholders at a special shareholders meeting held on February 17, 2020.
The sale is the latest episode in the long decline of the Albany-based Trans World. Built from a single record store in Glens Falls in the early 1970s, it rose to $1 billion in sales at more than 1,100 stores. Then the internet came along.
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Trans World Entertainment Corp (TWMC) Stock Price | Nasdaq
Trans World Entertainment Corp (TWMC) Stock Quote, History and News - Yahoo Finance
Trans World Entertainment Corp (TWMC) Stock Price and Basic Information | MarketWatch