a.k.a. Brands (NYSE:AKA) Stock Price Down 3.9% – Time to Sell?

a.k.a. Brands Holding Corp. (NYSE:AKA) traded down 3.9% during mid-day trading on Monday . The stock traded as low as $17.50 and last traded at $17.74. 19,024 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 12,575 shares. The stock had previously closed at $18.46.

Wall Street Analyst Weigh In

A number of analysts recently 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 increased their price target on a.k.a. Brands from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, November 8th.

a.k.a. Brands Stock Performance

The stock’s 50 day moving average price is $20.99 and its 200 day moving average price is $20.52. The company has a market capitalization of $188.75 million, a P/E ratio of -6.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58.

Institutional Trading of a.k.a. Brands

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC raised its stake in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. 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.