Digital Brands Group, Inc. (NASDAQ:DBGI – Get Free Report)’s share price traded up 3.1% on Thursday . The stock traded as high as $3.18 and last traded at $2.96. 45,144 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 1,064,031 shares. The stock had previously closed at $2.87.
Digital Brands Group Stock Up 3.1 %
The firm’s 50-day moving average price is $4.02 and its 200 day moving average price is $3.99. The company has a market capitalization of $2.55 million, a price-to-earnings ratio of -0.07 and a beta of 1.19. The company has a current ratio of 0.34, a quick ratio of 0.13 and a debt-to-equity ratio of 0.03.
Hedge Funds Weigh In On Digital Brands Group
A number of institutional investors have recently added to or reduced their stakes in DBGI. State Street Corp bought a new stake in Digital Brands Group during the 1st quarter worth approximately $39,000. Virtu Financial LLC bought a new stake in Digital Brands Group during the 2nd quarter worth approximately $54,000. Engineers Gate Manager LP bought a new stake in Digital Brands Group during the 4th quarter worth approximately $61,000. NVP Associates LLC bought a new stake in Digital Brands Group during the 4th quarter worth approximately $67,000. Finally, Millennium Management LLC bought a new stake in Digital Brands Group during the 4th quarter worth approximately $117,000. 1.56% of the stock is currently owned by institutional investors and hedge funds.
About Digital Brands Group
Digital Brands Group, Inc engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. It operates through DSTLD, Bailey, H&J, Stateside, and Sundry segments. The company designs, manufactures, and sells women's apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, sportswear, shirts, jackets, pants, shorts, polos, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suiting for men.
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