a.k.a. Brands (NYSE:AKA) Stock Price Up 4.7% – Here’s Why

a.k.a. Brands Holding Corp. (NYSE:AKAGet Free Report)’s stock price was up 4.7% during trading on Wednesday . The stock traded as high as $10.99 and last traded at $10.99. Approximately 2,793 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 5,042 shares. The stock had previously closed at $10.50.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of a.k.a. Brands in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.00.

Check Out Our Latest Stock Report on a.k.a. Brands

a.k.a. Brands Stock Performance

The company has a market cap of $127.92 million, a P/E ratio of -4.69 and a beta of 1.39. The company’s 50-day moving average is $10.97 and its two-hundred day moving average is $10.38. The company has a quick ratio of 0.40, a current ratio of 1.11 and a debt-to-equity ratio of 0.98.

a.k.a. Brands (NYSE:AKAGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.34. The business had revenue of $160.07 million for the quarter, compared to analyst estimates of $162.62 million. a.k.a. Brands had a negative net margin of 4.43% and a negative return on equity of 20.93%. Equities analysts predict that a.k.a. Brands Holding Corp. will post -1.73 EPS for the current year.

Hedge Funds Weigh In On a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. 683 Capital Management LLC bought a new stake in a.k.a. Brands Holding Corp. (NYSE:AKAFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned 0.34% of a.k.a. Brands at the end of the most recent reporting period. Institutional investors and hedge funds own 55.35% of the company’s stock.

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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.

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