a.k.a. Brands’ (AKA) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKAFree Report) in a research note published on Saturday,Weiss Ratings reports.

Several other brokerages have also weighed in on AKA. Telsey Advisory Group lowered their price objective on 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 a.k.a. Brands in a research note on Monday, December 16th. They set a “buy” rating and a $30.00 price objective on the stock.

Check Out Our Latest Stock Report on AKA

a.k.a. Brands Trading Down 1.6 %

AKA opened at $15.70 on Friday. The stock has a market capitalization of $167.04 million, a PE ratio of -5.43 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. a.k.a. Brands has a 12-month low of $7.22 and a 12-month high of $33.73. The firm’s fifty day moving average price is $19.03 and its 200 day moving average price is $20.78.

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 boosted its position in a.k.a. Brands Holding Corp. (NYSE:AKAFree Report) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.

About a.k.a. Brands

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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.

Further Reading

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