Vince (NYSE:VNCE) Stock Passes Above 50-Day Moving Average of $1.51

Shares of Vince Holding Corp. (NYSE:VNCE) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.51 and traded as high as $1.94. Vince shares last traded at $1.85, with a volume of 22,651 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VNCE shares. Noble Financial assumed coverage on Vince in a report on Monday, June 24th. They issued an “outperform” rating and a $3.00 price objective for the company. Small Cap Consu upgraded shares of Vince to a “strong-buy” rating in a research report on Thursday, May 23rd.

Vince Price Performance

The company has a market cap of $23.20 million, a P/E ratio of 0.76 and a beta of 1.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.67 and a quick ratio of 0.58. The company has a fifty day simple moving average of $1.51 and a 200-day simple moving average of $2.18.

Vince (NYSE:VNCE) last announced its earnings results on Tuesday, June 18th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. Vince had a negative return on equity of 13.13% and a net margin of 10.49%. The company had revenue of $59.17 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vince stock. Atlas Private Wealth Advisors boosted its position in shares of Vince Holding Corp. (NYSE:VNCE) by 102.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,806 shares of the textile maker’s stock after purchasing an additional 71,903 shares during the period. Atlas Private Wealth Advisors owned 1.13% of Vince worth $196,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 16.11% of the company’s stock.

About Vince

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.