Sequential Brands Group (NASDAQ:SQBG) Share Price Crosses Above 50 Day Moving Average of $0.27

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Sequential Brands Group Inc (NASDAQ:SQBG)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.27 and traded as high as $0.28. Sequential Brands Group shares last traded at $0.27, with a volume of 5,900 shares trading hands.

A number of analysts recently issued reports on SQBG shares. ValuEngine lowered Sequential Brands Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered Sequential Brands Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 7th.

The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $18.97 million, a P/E ratio of 0.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.61. The business has a 50 day moving average of $0.27 and a 200-day moving average of $0.59.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Friday, August 9th. The textile maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). Sequential Brands Group had a negative net margin of 92.66% and a positive return on equity of 2.52%. The company had revenue of $26.42 million for the quarter, compared to the consensus estimate of $39.04 million. As a group, equities analysts forecast that Sequential Brands Group Inc will post 0.05 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in SQBG. NJ State Employees Deferred Compensation Plan raised its stake in shares of Sequential Brands Group by 320.0% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 210,000 shares of the textile maker’s stock valued at $116,000 after purchasing an additional 160,000 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in shares of Sequential Brands Group by 6.1% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 9,575,156 shares of the textile maker’s stock valued at $5,266,000 after purchasing an additional 548,562 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Sequential Brands Group by 15.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,497,106 shares of the textile maker’s stock valued at $824,000 after purchasing an additional 200,453 shares during the period. Institutional investors own 38.51% of the company’s stock.

About Sequential Brands Group (NASDAQ:SQBG)

Sequential Brands Group, Inc owns a portfolio of consumer brands in the home, active, and fashion categories in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, home goods, food, wine, and media related assets, such as magazines, books, and other print and digital content.

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