Weiss Ratings Reaffirms “Sell (D-)” Rating for a.k.a. Brands (NYSE:AKA)

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reiterated by Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Several other analysts have also weighed in on the company. Lake Street Capital started coverage on a.k.a. Brands in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 price objective for the company. Telsey Advisory Group cut their target price on shares of a.k.a. Brands from $28.00 to $22.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th.

a.k.a. Brands Stock Down 1.6 %

a.k.a. Brands stock opened at $15.70 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. a.k.a. Brands has a 52 week low of $7.22 and a 52 week high of $33.73. The business’s 50-day moving average price is $19.03 and its 200 day moving average price is $20.78. The firm has a market cap of $167.04 million, a price-to-earnings ratio of -5.43 and a beta of 1.37.

Institutional Trading of a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. Rhumbline Advisers raised its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA) by 487.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,900 shares of the company’s stock after acquiring an additional 3,236 shares during the quarter. Rhumbline Advisers’ holdings in a.k.a. Brands were worth $73,000 as of its most recent SEC filing. 55.35% of the stock is owned by institutional investors and hedge funds.

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.