Digital Brands Group (NASDAQ:DBGI) Trading Up 11.9% – What’s Next?

Digital Brands Group, Inc. (NASDAQ:DBGI)’s stock price traded up 11.9% during mid-day trading on Monday . The stock traded as high as $1.74 and last traded at $1.62. 3,679 shares traded hands during 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 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 company has a market capitalization of $1.25 million, a PE ratio of 0.00 and a beta of 1.39. The business has a 50 day simple moving average of $3.46 and a 200 day simple moving average of $25.34.

Hedge Funds Weigh In On Digital Brands Group

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC purchased a new stake in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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 quarter. Hedge funds and other institutional investors own 1.56% of the company’s stock.

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.