Vince (NYSE:VNCE) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Vince Holding Corp. (NYSE:VNCE)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.45 and traded as low as $1.53. Vince shares last traded at $1.60, with a volume of 23,000 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Vince in a research note on Tuesday. They issued a “hold” rating on the stock.

Vince Stock Up 1.3 %

The firm’s 50 day simple moving average is $2.13 and its 200-day simple moving average is $2.45. 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 stock has a market capitalization of $20.18 million, a price-to-earnings ratio of 4.32 and a beta of 1.05.

Insider Activity at Vince

In related news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total transaction of $16,818,837.05. Following the transaction, the insider now directly owns 1,262,933 shares in the company, valued at approximately $2,942,633.89. The trade was a 85.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Vince in the 4th quarter valued at about $86,000. Geode Capital Management LLC raised its stake in Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock valued at $123,000 after buying an additional 3,731 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Vince in the fourth quarter valued at approximately $29,000. 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.