Vince (NYSE:VNCE) announced its earnings results on Wednesday. The textile maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.64) by $0.59, Fidelity Earnings reports. Vince had a negative return on equity of 48.11% and a negative net margin of 11.49%. During the same quarter last year, the company posted ($1.28) earnings per share.
Shares of VNCE stock traded up $1.32 during mid-day trading on Friday, hitting $8.03. The company’s stock had a trading volume of 1,863 shares, compared to its average volume of 10,542. The company’s fifty day simple moving average is $8.06 and its 200-day simple moving average is $9.90. Vince has a 52 week low of $3.88 and a 52 week high of $13.51. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 1.23. The company has a market cap of $95.55 million, a PE ratio of -3.28 and a beta of 2.60.
A hedge fund recently raised its stake in Vince stock. Morgan Stanley increased its position in Vince Holding Corp. (NYSE:VNCE) by 2,032.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,623 shares of the textile maker’s stock after buying an additional 2,500 shares during the period. Morgan Stanley’s holdings in Vince were worth $26,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.74% of the company’s stock.
Vince Holding Corp. engages in the manufacture, design, and sale of luxury apparel and accessories. It offers clothing, footwear, and handbags. It operates through the Wholesale, Rebecca Taylor and Parker and Direct-to-Consumer segments. The Wholesale segment deals with the sale of products to premier department stores and specialty stores in the U.S.
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