Vince (NYSE:VNCE) Share Price Passes Below 200 Day Moving Average – Here’s Why

Vince Holding Corp. (NYSE:VNCE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.47 and traded as low as $2.20. Vince shares last traded at $2.31, with a volume of 116,633 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Vince from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Vince Stock Up 1.1 %

The stock has a market cap of $29.07 million, a P/E ratio of 6.23 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 0.64 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average is $3.27 and its 200 day moving average is $2.47.

Vince (NYSE:VNCE) last posted its quarterly earnings data on Tuesday, December 10th. The textile maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. As a group, equities research analysts forecast that Vince Holding Corp. will post 0.63 EPS for the current year.

Insider Activity at Vince

In other news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total value of $16,818,837.05. Following the sale, the insider now owns 1,262,933 shares of the company’s stock, valued at approximately $2,942,633.89. This represents a 85.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Vince

Hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in Vince during the 4th quarter valued at about $29,000. Jane Street Group LLC acquired a new position in Vince during the 4th quarter valued at about $86,000. Finally, Geode Capital Management LLC lifted its position in Vince by 12.4% during the 4th quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock valued at $123,000 after purchasing an additional 3,731 shares during the period. Institutional investors own 16.11% of the company’s stock.

About Vince

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.