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

Weiss Ratings reiterated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA) in a research report released on Saturday,Weiss Ratings reports.

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

a.k.a. Brands Price Performance

a.k.a. Brands stock traded up $1.00 during trading hours on Friday, hitting $18.00. The stock had a trading volume of 35,563 shares, compared to its average volume of 6,694. a.k.a. Brands has a 1-year low of $7.22 and a 1-year high of $33.73. The stock has a market capitalization of $191.52 million, a price-to-earnings ratio of -6.23 and a beta of 1.40. The stock’s fifty day moving average is $19.84 and its two-hundred day moving average is $20.69. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51.

Institutional Investors Weigh In On a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC lifted its position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 30,369 shares of the company’s stock after buying 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.