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

Digital Brands Group, Inc. (NASDAQ:DBGI)’s stock price was up 11.9% during mid-day trading on Monday . The stock traded as high as $1.74 and last traded at $1.62. Approximately 3,679 shares were traded during mid-day 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 Price Performance

The company has a market cap of $1.79 million, a PE ratio of 0.00 and a beta of 1.39. The business’s 50 day moving average price is $3.36 and its 200-day moving average price is $24.81. The company has a quick ratio of 0.06, a current ratio of 0.29 and a debt-to-equity ratio of 7.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Digital Brands Group stock. Armistice Capital LLC acquired a new position in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 147,000 shares of the company’s stock, valued at approximately $215,000. Armistice Capital LLC owned about 7.47% of Digital Brands Group as of its most recent SEC filing. 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.