Digital Brands Group (NASDAQ:DBGI) Trading Up 11.9% – Time to Buy?

Digital Brands Group, Inc. (NASDAQ:DBGI)’s stock price rose 11.9% during trading on Monday . The company traded as high as $1.74 and last traded at $1.62. Approximately 3,679 shares were traded during trading, a decline of 97% from the average daily volume of 142,889 shares. The stock had previously closed at $1.45.

Digital Brands Group Stock Performance

The company has a quick ratio of 0.06, a current ratio of 0.29 and a debt-to-equity ratio of 7.88. The stock has a fifty day moving average price of $3.36 and a two-hundred day moving average price of $24.81. The company has a market capitalization of $1.79 million, a price-to-earnings ratio of 0.00 and a beta of 1.39.

Hedge Funds Weigh In On Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC acquired a new stake in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned 7.47% of Digital Brands Group as of its most recent SEC filing. 1.56% of the stock is currently owned by hedge funds and other institutional investors.

Digital Brands Group Company Profile

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.