a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) fell 3.9% during mid-day trading on Monday . The company traded as low as $17.50 and last traded at $17.74. 19,024 shares traded hands during trading, an increase of 51% from the average session volume of 12,575 shares. The stock had previously closed at $18.46.
Analyst Ratings Changes
A number of equities research analysts have weighed in on AKA shares. Telsey Advisory Group upped their price objective on shares of a.k.a. Brands from $25.00 to $28.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. Lake Street Capital began coverage on a.k.a. Brands in a report on Monday, December 16th. They issued a "buy" rating and a $30.00 target price on the stock.
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a.k.a. Brands Trading Down 3.5 %
The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. The stock's 50-day moving average is $20.99 and its two-hundred day moving average is $20.52. The company has a market cap of $184.07 million, a P/E ratio of -5.99 and a beta of 1.40.
Institutional Trading of a.k.a. Brands
A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC grew its holdings in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,369 shares of the company's stock after purchasing an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 as of its most recent filing with the Securities & Exchange Commission. 55.35% of the stock is owned by hedge funds and other institutional investors.
a.k.a. Brands Company Profile
(
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a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands.
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