Duluth (NASDAQ:DLTH) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Duluth Holdings Inc (NASDAQ:DLTH)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.53 and traded as low as $2.90. Duluth shares last traded at $3.09, with a volume of 95,755 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Duluth from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Robert W. Baird decreased their price objective on Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, December 6th.

Duluth Stock Up 3.4 %

The firm has a market capitalization of $96.08 million, a P/E ratio of -3.05 and a beta of 1.33. The company has a current ratio of 1.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $3.52 and a two-hundred day simple moving average of $3.65.

Institutional Trading of Duluth

A number of institutional investors have recently bought and sold shares of DLTH. JPMorgan Chase & Co. grew its holdings in shares of Duluth by 106.5% in the third quarter. JPMorgan Chase & Co. now owns 32,464 shares of the company’s stock worth $122,000 after purchasing an additional 16,743 shares during the last quarter. Barclays PLC grew its holdings in Duluth by 101.6% during the 3rd quarter. Barclays PLC now owns 92,318 shares of the company’s stock worth $347,000 after acquiring an additional 46,527 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Duluth by 142.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock valued at $862,000 after purchasing an additional 134,520 shares during the period. Empowered Funds LLC raised its holdings in shares of Duluth by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 88,391 shares of the company’s stock valued at $332,000 after purchasing an additional 4,422 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Duluth by 288.9% in the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after purchasing an additional 77,825 shares during the period. 24.39% of the stock is currently owned by institutional investors.

About Duluth

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.