iMedia Brands (IMBI) Set to Announce Earnings on Wednesday

iMedia Brands (NASDAQ:IMBI – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, March 22nd. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

iMedia Brands Trading Up 21.2 %

Shares of IMBI stock opened at $0.66 on Wednesday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.39 and a current ratio of 0.85. The stock has a market capitalization of $19.09 million, a P/E ratio of -0.34 and a beta of 2.10. The company has a 50 day moving average price of $0.75 and a 200 day moving average price of $0.67. iMedia Brands has a fifty-two week low of $0.44 and a fifty-two week high of $7.25.

Wall Street Analyst Weigh In

Separately, Lake Street Capital reduced their price target on shares of iMedia Brands from $3.00 to $2.00 in a research report on Wednesday, November 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of iMedia Brands by 54.3% during the second quarter. International Assets Investment Management LLC now owns 61,756 shares of the company’s stock worth $75,000 after buying an additional 21,741 shares in the last quarter. HighTower Advisors LLC bought a new stake in iMedia Brands in the first quarter valued at $96,000. D.A. Davidson & CO. lifted its stake in iMedia Brands by 22.8% in the first quarter. D.A. Davidson & CO. now owns 21,518 shares of the company’s stock valued at $130,000 after buying an additional 4,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in iMedia Brands by 15.1% during the first quarter. Dimensional Fund Advisors LP now owns 96,688 shares of the company’s stock worth $583,000 after acquiring an additional 12,663 shares during the period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

iMedia Brands Company Profile

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iMedia Brands, Inc operates as a interactive media company, which owns a growing portfolio of lifestyle television networks, consumer brands and media commerce services. It operates through the ShopHQ and Emerging segments. The ShopHQ segment consists of products sold on its digital commerce platforms, including jewelry and watches, home and consumer, electronics, beauty and wellness, and fashion and accessories.