iMedia Brands (NASDAQ:IMBI) Trading 8.1% Higher

Shares of iMedia Brands (NASDAQ:IMBI) traded up 8.1% on Friday . The company traded as high as $0.73 and last traded at $0.67, 560,585 shares were traded during trading. An increase of 37% from the average session volume of 409,483 shares. The stock had previously closed at $0.62.

The stock has a fifty day simple moving average of $0.55. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.54 and a quick ratio of 0.95.

iMedia Brands (NASDAQ:IMBI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.13. iMedia Brands had a negative return on equity of 78.15% and a negative net margin of 9.11%. The firm had revenue of $131.50 million for the quarter.

A number of hedge funds have recently made changes to their positions in IMBI. Towerview LLC acquired a new position in iMedia Brands during the third quarter worth $471,000. Teton Advisors Inc. acquired a new position in iMedia Brands during the third quarter worth $120,000. Patriot Financial Group Insurance Agency LLC acquired a new position in iMedia Brands during the third quarter worth $98,000. Miracle Mile Advisors LLC acquired a new position in iMedia Brands during the third quarter worth $79,000. Finally, California Public Employees Retirement System acquired a new position in iMedia Brands during the third quarter worth $75,000. 14.11% of the stock is currently owned by hedge funds and other institutional investors.

iMedia Brands Company Profile (NASDAQ:IMBI)

iMedia Brands, Inc operates as a multiplatform interactive digital commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.

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