a.k.a. Brands (NYSE:AKA) Shares Up 4.7% – Time to Buy?

a.k.a. Brands Holding Corp. (NYSE:AKA) shares rose 4.7% during trading on Wednesday . The stock traded as high as $10.99 and last traded at $10.99. 2,793 shares were traded during mid-day trading, a decline of 45% from the average session volume of 5,042 shares. The stock had previously closed at $10.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.00.

a.k.a. Brands Trading Up 4.7%

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 cap of $120.78 million, a price-to-earnings ratio of -4.43 and a beta of 1.39. The company has a 50-day moving average price of $10.93 and a 200 day moving average price of $10.37.

a.k.a. Brands (NYSE:AKA) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.34. a.k.a. Brands had a negative return on equity of 20.93% and a negative net margin of 4.43%.The firm had revenue of $160.07 million for the quarter, compared to analyst estimates of $162.62 million. As a group, research analysts anticipate that a.k.a. Brands Holding Corp. will post -1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in a.k.a. Brands stock. 683 Capital Management LLC bought a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned 0.34% of a.k.a. Brands 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.