Vince (NYSE:VNCE) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Vince Holding Corp. (NYSE:VNCE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.48 and traded as low as $2.02. Vince shares last traded at $2.05, with a volume of 48,402 shares.

Analyst Ratings Changes

Separately, StockNews.com cut Vince from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Vince Stock Performance

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 $25.85 million, a PE ratio of 5.54 and a beta of 1.39. The firm’s fifty day moving average is $2.80 and its 200-day moving average is $2.48.

Insider Transactions 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 stock was sold at an average price of $2.33, for a total value of $16,818,837.05. Following the sale, the insider now owns 1,262,933 shares in the company, valued at approximately $2,942,633.89. The trade was a 85.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.

Institutional Trading of Vince

Institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of Vince in the fourth quarter valued at approximately $29,000. Jane Street Group LLC purchased a new position in Vince in the 4th quarter valued at approximately $86,000. Finally, Geode Capital Management LLC grew its stake in shares of Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after acquiring an additional 3,731 shares in the last quarter. 16.11% of the stock is currently owned by hedge funds and other institutional investors.

Vince Company Profile

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.