a.k.a. Brands (NYSE:AKA) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• a.k.a. Brands shares briefly crossed above their 200-day moving average, reaching $10.64 versus the $10.59 average, with 400 shares traded.
• Analyst sentiment remains mixed: one analyst rates the stock Buy, two rate it Hold and one rates it Sell. The consensus rating is Hold, with a $19.00 price target.
• The company beat quarterly EPS expectations, reporting a $0.01 loss per share versus the anticipated $0.35 loss, although revenue came in below estimates and profitability remained negative.

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $10.59 and traded as high as $10.64. a.k.a. Brands shares last traded at $10.64, with a volume of 400 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of a.k.a. Brands in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $19.00.

a.k.a. Brands Trading Up 0.9%

The business's 50 day moving average is $10.75 and its two-hundred day moving average is $10.59. The company has a quick ratio of 0.40, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $116.93 million, a P/E ratio of -4.29 and a beta of 1.38.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.34. The business had revenue of $160.07 million during the quarter, compared to the consensus estimate of $162.62 million. a.k.a. Brands had a negative net margin of 4.43% and a negative return on equity of 20.93%. Analysts expect that a.k.a. Brands Holding Corp. will post -1.73 EPS for the current year.

About a.k.a. Brands

a.k.a. Brands Holding Corp. is a global fashion platform that owns and operates a portfolio of digitally native apparel and lifestyle brands. The company focuses on reaching younger consumers through e-commerce, social media, influencer marketing and brand-focused online shopping experiences.

Its brand portfolio has included Princess Polly, an online women's fashion retailer; Petal & Pup, which offers women's apparel and occasion wear; and other specialty fashion businesses such as mnml, Culture Kings and Rebdolls.

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