Lulu’s Fashion Lounge (NASDAQ:LVLU) Trading Up 15.2% – Here’s What Happened

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU)’s share price was up 15.2% on Wednesday . The stock traded as high as $4.70 and last traded at $4.69. Approximately 95,950 shares were traded during trading, a decline of 7% from the average daily volume of 103,147 shares. The stock had previously closed at $4.07.

Lulu’s Fashion Lounge Stock Performance

The firm’s 50-day moving average price is $4.41 and its two-hundred day moving average price is $6.46. The firm has a market capitalization of $12.90 million, a price-to-earnings ratio of -0.26 and a beta of 0.31.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($1.05). Lulu’s Fashion Lounge had a negative net margin of 17.02% and a negative return on equity of 125.82%. The firm had revenue of $81.52 million for the quarter, compared to the consensus estimate of $81.85 million. As a group, equities research analysts anticipate that Lulu’s Fashion Lounge Holdings, Inc. will post -0.74 EPS for the current year.

About Lulu’s Fashion Lounge

Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.