Boston, MA 06/05/2013 (wallstreetpr) – The share prices of Orchard Supply Hardware Stores Corp. (NASDAQ:OSH) had declined by 17.96 percent to close at $3.06 per share for the last trading session on Tuesday. The shares of the company which opened at $3.80 per share had been trading in the range of $3.02 to $3.98 during the day and had declined by $0.67 per share over the previous closing price on Monday.
The shares of Orchard Supply Hardware Stores Corp. (NASDAQ:OSH) had recorded 52 week low price level of $1.14 per share and 52 week high price level of $20.41 per share. Orchard Supply Hardware Stores Corp. (NASDAQ:OSH) is engaged in providing wide range of products to meet the repair, maintenance and improvement needs of home owners. The company operates through its wholly owned operating subsidiary, Orchard Hardware Stores LLC and through other directly and indirectly owned subsidiaries collectively called Orchard.
The company had been renovating and improving its existing hardware stores based on its new theme of providing for neighborhood format stores. One such renovated stores of Orchard Supply Hardware Stores Corp. (NASDAQ:OSH) at Van Nuys, California is to be reopened on June 08, 2013 which would take the total store to 17.
Orchard Supply Hardware Stores Corp. (NASDAQ:OSH) had been witnessing heavy trading volumes at 1.23 million shares on Tuesday, while the average trading volume of the company is at 333,668 shares per day. The hardware stores owner presently holds 10.84 million shares outstanding in the market with an institutional ownership of 24 percent.
