a.k.a. Brands (NYSE:AKA) Trading Down 0.1% – Here’s Why

a.k.a. Brands Holding Corp. (NYSE:AKA) fell 0.1% during trading on Thursday . The stock traded as low as $10.73 and last traded at $10.7350. 1,437 shares traded hands during trading, a decline of 55% from the average session volume of 3,176 shares. The stock had previously closed at $10.75.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AKA shares. Telsey Advisory Group reissued a “market perform” rating and issued a $13.00 price objective on shares of a.k.a. Brands in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, January 21st. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of a.k.a. Brands in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, a.k.a. Brands presently has an average rating of “Hold” and a consensus price target of $18.33.

a.k.a. Brands Stock Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.45 and a current ratio of 1.35. The company has a market capitalization of $114.08 million, a P/E ratio of -4.32 and a beta of 1.64. The stock’s 50 day moving average price is $11.28 and its 200 day moving average price is $11.50.

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

An institutional investor recently bought a new position in a.k.a. Brands stock. Bridgeway Capital Management LLC purchased a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands as of its most recent filing with the SEC. Institutional investors own 55.35% of the company’s stock.

About a.k.a. Brands

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.