14.37%QQQQ 35.13 12.16%XLF 16.18 7.15%
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NEW YORK - Shares of Bakers Footwear Group Inc. sank, then made a full recovery on Friday, even after an analyst said she was suspending coverage on the shoe retailer because of its lagging performance.
| BKRS | 1.15 |  0.12 |
Shares rallied to end up 2 cents, or 1.2 percent, to $1.69. The stock has traded between $1.30 and $8.99 during the past 52 weeks.
On Tuesday, the St. Louis-based company said it was facing delisting from Nasdaq because it has not maintained a minimum market value of publicly held shares of $5 million during the previous 30 consecutive trading days. Bakers said it has until Sept. 8 to regain compliance or it could face delisting.
On Thursday Roth Capital Partners analyst Elizabeth Pierce suspended coverage on the company. The mall-based chain operates about 250 Bakers and Wild Pair stores.
"We initiated coverage on March 26, 2007, with an investment thesis that was based on the company's ability to turn around its business in 2007," she wrote "Since then, the company's performance has continued to lag."
Roth will suspend coverage to focus on "other growth areas" in the sector, Pierce wrote.
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