Digital Brands Group (NASDAQ:DBGI) Stock Price Up 4.4% – Here’s Why

Digital Brands Group, Inc. (NASDAQ:DBGIGet Free Report) rose 4.4% during trading on Thursday . The company traded as high as $6.58 and last traded at $6.36. Approximately 46,493 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 80,850 shares. The stock had previously closed at $6.09.

Digital Brands Group Price Performance

The firm has a market capitalization of $6.04 million, a PE ratio of -0.01 and a beta of 0.65. The firm’s fifty day moving average price is $3.11 and its 200 day moving average price is $9.62. The company has a current ratio of 0.29, a quick ratio of 0.06 and a debt-to-equity ratio of 7.88.

About Digital Brands Group

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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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