Sequential Brands Group (NASDAQ:SQBG) Shares Cross Below 200 Day Moving Average of $14.73

Sequential Brands Group, Inc. (NASDAQ:SQBG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.73 and traded as low as $4.01. Sequential Brands Group shares last traded at $4.90, with a volume of 54,835 shares trading hands.

The stock has a 50-day simple moving average of $9.91 and a 200-day simple moving average of $14.64. The stock has a market cap of $6.86 million, a P/E ratio of -0.08 and a beta of 1.62.

In other news, major shareholder Martha Stewart sold 180,822 shares of the business’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $5.49, for a total transaction of $992,712.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 13.90% of the stock is owned by insiders.

A hedge fund recently raised its stake in Sequential Brands Group stock. Vanguard Group Inc. increased its stake in shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) by 27.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 39,659 shares of the textile maker’s stock after purchasing an additional 8,651 shares during the period. Vanguard Group Inc. owned 2.39% of Sequential Brands Group worth $338,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.92% of the company’s stock.

Sequential Brands Group Company Profile (NASDAQ:SQBG)

Sequential Brands Group, Inc engages in promoting, marketing, and licensing portfolio of consumer brands. It provides fashion, home, athletic, and lifestyle categories, including Martha Stewart, Jessica Simpson, AND1, Avia, Joe’s Jeans, Heelys, and GAIAM. It offers its products to retailers, wholesalers, and distributors.

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