Sequential Brands Group (NASDAQ:SQBG) Shares Cross Below Two Hundred Day Moving Average of $0.34

Sequential Brands Group Inc (NASDAQ:SQBG) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.34 and traded as low as $0.26. Sequential Brands Group shares last traded at $0.27, with a volume of 290,723 shares changing hands.

Separately, ValuEngine raised Sequential Brands Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd.

The stock has a 50-day simple moving average of $0.33 and a 200-day simple moving average of $0.34. The company has a market capitalization of $19.78 million, a price-to-earnings ratio of -0.12 and a beta of 0.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 2.56.

An institutional investor recently raised its position in Sequential Brands Group stock. Vanguard Group Inc. lifted its position in shares of Sequential Brands Group Inc (NASDAQ:SQBG) by 15.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,497,106 shares of the textile maker’s stock after acquiring an additional 200,453 shares during the period. Vanguard Group Inc. owned about 2.32% of Sequential Brands Group worth $824,000 at the end of the most recent reporting period. Institutional investors own 35.07% of the company’s stock.

Sequential Brands Group Company Profile (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.

Further Reading: Dividend Achievers

Receive News & Ratings for Sequential Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequential Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.