Services Sector New Lows: C.H. Robinson Worldwide (NASDAQ:CHRW), Potbelly (NASDAQ:PBPB), VLRS, The Wet Seal (NASDAQ:WTSL)

CH Robinson Worldwide (Nasdaq:CHRW) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shares after opening at $51.34 moved to $51.34 on last trade day and at the end of the day closed at $50.96. Company price to sales ratio in past twelve months was calculated as 0.60 and price to cash ratio as 47.45. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) showed a negative weekly performance of -2.71%.

Shares of Potbelly Corp (NASDAQ:PBPB) were the target of a significant growth in short interest during the month of January. As of February 28th, there was short interest totalling 4,489,923 shares, a growth of 22.1% from the February 14th total of 3,675,883 shares, StockRatingsNetwork.com reports. Currently, 40.3% of the shares of the stock are short sold. Based on an average daily volume of 899,496 shares, the days-to-cover ratio is currently 5.0 days. Potbelly Corp (NASDAQ:PBPB) shares fell -1.94% in last trading session and ended the day on $19.20. PBPB return on equity ratio is recorded as 27.10% and its return on assets is -40.80%.

Controladora Vuela Co Avcn SA CV (ADR) (NYSE:VLRS) Is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct, point-to-point flights. Controladora Vuela Co Avcn SA CV (ADR) (NYSE:VLRS) shares moved down -3.12% in last trading session and was closed at $8.70, while trading in range of $8.65-$9.06. Controladora Vuela Co Avcn SA CV (ADR) (NYSE:VLRS)  year to date performance is -35.79%.

Apparel store, The Wet Seal, Inc. (NASDAQ:WTSL) reported its fourth quarter and full year operations results for period ending 2ndFebruary,  in the first week of February.T he apparel maker which focuses on designing cloths targeted at young women reported that for the fourth quarter, its net sales for its flag ship Wet Seal line of cloths was down 18.8 percent, while Arden B line of cloths was down by a significant 45.6 percent.  Same store sales numbers for the reporting quarter too saw a significant dip. Wet Seals line saw same store numbers go down by 15.4 percent, where as Arden line post a 25 percent dip in same stores comparison. The Wet Seal, Inc. (NASDAQ:WTSL) weekly performance is -10.05%. On last trading day company shares ended up $1.70. The Wet Seal, Inc. (NASDAQ:WTSL) distance from 50-day simple moving average  is -21.27%. Analysts mean target price for the company is $3.22.

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