Weiss Ratings Reaffirms “Sell (D-)” Rating for a.k.a. Brands (NYSE:AKA)

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Telsey Advisory Group decreased their price target on shares of a.k.a. Brands from $28.00 to $22.00 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Lake Street Capital began coverage on a.k.a. Brands in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 price objective for the company.

a.k.a. Brands Price Performance

AKA stock opened at $15.70 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $19.03 and its two-hundred day moving average price is $20.78. The stock has a market capitalization of $167.04 million, a price-to-earnings ratio of -5.43 and a beta of 1.37. a.k.a. Brands has a 12-month low of $7.22 and a 12-month high of $33.73.

Institutional Investors Weigh In On a.k.a. Brands

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC grew its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,369 shares of the company’s stock after buying an additional 3,100 shares during the period. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent reporting period. 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.