Digital Brands Group (NASDAQ:DBGI) Shares Up 11.9% – Here’s Why

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

Digital Brands Group Price Performance

The company has a current ratio of 0.29, a quick ratio of 0.06 and a debt-to-equity ratio of 7.88. The firm’s 50-day moving average price is $3.46 and its two-hundred day moving average price is $25.34. The stock has a market cap of $1.25 million, a PE ratio of 0.00 and a beta of 1.39.

Institutional Trading of Digital Brands Group

A hedge fund recently bought a new stake in Digital Brands Group stock. Armistice Capital LLC acquired a new stake in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned approximately 7.47% of Digital Brands Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.56% of the company’s stock.

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.