Digital Brands Group (NASDAQ:DBGI) Shares Up 1.3%

Digital Brands Group, Inc. (NASDAQ:DBGI) shot up 1.3% on Thursday . The stock traded as high as $0.85 and last traded at $0.85. 14,988 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 512,886 shares. The stock had previously closed at $0.84.

Digital Brands Group Price Performance

The company has a market capitalization of $1.83 million, a P/E ratio of -0.05 and a beta of 1.09. The company has a quick ratio of 0.07, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The business has a 50 day simple moving average of $1.21 and a 200-day simple moving average of $2.34.

Digital Brands Group (NASDAQ:DBGI) last released its quarterly earnings data on Monday, August 19th. The company reported ($2.08) earnings per share for the quarter. The firm had revenue of $3.40 million during the quarter. Digital Brands Group had a negative return on equity of 327.13% and a negative net margin of 102.54%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Digital Brands Group stock. Armistice Capital LLC acquired a new stake in Digital Brands Group, Inc. (NASDAQ:DBGI) in the 2nd quarter, according to its most recent filing 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. 1.56% of the stock is 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.