Vince (NYSE:VNCE) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Vince Holding Corp. (NYSE:VNCE) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.47 and traded as low as $2.20. Vince shares last traded at $2.31, with a volume of 116,633 shares traded.

Analyst Upgrades and Downgrades

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

Vince Stock Performance

The firm’s fifty day simple moving average is $3.21 and its 200 day simple moving average is $2.47. The company has a market capitalization of $26.04 million, a price-to-earnings ratio of 5.58 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 0.64.

Vince (NYSE:VNCE) last announced its earnings results on Tuesday, December 10th. The textile maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. On average, sell-side analysts forecast that Vince Holding Corp. will post 0.63 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total transaction of $16,818,837.05. Following the completion of the sale, the insider now directly owns 1,262,933 shares in the company, valued at approximately $2,942,633.89. This trade represents a 85.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Vince

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Vince by 12.4% during the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after purchasing an additional 3,731 shares during the period. Jane Street Group LLC acquired a new stake in shares of Vince during the fourth quarter worth approximately $86,000. Finally, National Bank of Canada FI acquired a new stake in Vince in the fourth quarter valued at approximately $29,000. 16.11% of the stock is currently owned by institutional investors and hedge funds.

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.