Ever-Glory International Group, Inc. (NASDAQ: EVK) below -12.08% and ended at $2.40. The stock’s market capitalization arrived at $37.213M and total traded volume was 2,216 shares. The stock has a 52-week highest price of $4.20 and its 52-week lowest price was called at $2.40. During last trade, its maximum trading price was registered $2.49 and it’s the minimum trading price was noted $2.35.

Ever-Glory International Group, Inc. (NASDAQ: EVK), stated its financial results recently for the first quarter ended March 31, 2019.

Total sales for the first quarter of 2019 were $88.0M, a decrease of 5.2% from $92.8M in the first quarter of 2018. This decrease was primarily driven by an 11.4% decrease in our retail business, partially offset by an 11.3% increase in wholesale business.

Sales for the Company’s branded fashion apparel retail division reduced by 11.4% to $59.9M for the first quarter of 2019, contrast with $67.5M for the first quarter of 2018. This decrease was primarily Because of a decrease in same-store sales. The Company had 1,315 retail stores as of March 31, 2019, contrast with 1,409 retail stores as of March 31, 2018.

Sales for the Company’s wholesale division increased by 11.3% to $28.1M for the first quarter of 2019, contrast with $25.3M for the first quarter of 2018. This increase was primarily attributable to increased sales in Mainland China, other European markets and Japan partially offset for reduced sales in Hong Kong, the United States, the United Kingdom and Germany.

Total gross profit for the first quarter of 2019 reduced by 6.3% to $29.4M, contrast with $31.3M for the first quarter of 2018. Total gross margin reduced to 33.4% from 33.8% for the first quarter of 2018.

Gross profit for the retail business reduced by 10.7% to $22.8M for the first quarter of 2019, contrast with $25.5M for the first quarter of 2018. Gross margin was 38.1%, contrast to 37.8% for the first quarter of 2018.

Gross profit for the wholesale business increased by 13.0% to $6.6M for the first quarter of 2019, contrast with $5.8M for the first quarter of 2018. Gross margin increased to 23.3% from 23.0% for the first quarter of 2018.

Selling expenses for the first quarter of 2019 reduced by 5.5% to $21.0M, or 23.9% of total sales, contrast with $22.2M, or 24.0% of total sales for the first quarter of 2018. The decrease was attributable to the reduced sales.

General and administrative expenses for the first quarter of 2019 reduced by 1.9% to $7.5M, or 8.6% of total sales, contrast with $7.7M, or 8.3% of total sales for the first quarter of 2018. The decrease was mainly attributable to the reduced office expenses.

Income from operations for the first quarter of 2019 reduced by 43.2% to $0.8M contrast with $1.4M for the first quarter of 2018.

Net income(loss) attributable to the Company for the first quarter of 2019 was ($0.5)M contrast with $0.8M for the first quarter of 2018. Basic and diluted earnings(loss) per share were ($0.04) for the first quarter of 2019 contrast with basic and diluted earnings per share of $0.06 for the first quarter of 2018.