Digital Brands Group (NASDAQ:DBGI) Trading Up 3.1%

Digital Brands Group, Inc. (NASDAQ:DBGI) shares were up 3.1% on Thursday . The stock traded as high as $3.18 and last traded at $2.96. Approximately 45,144 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 1,064,031 shares. The stock had previously closed at $2.87.

Digital Brands Group Stock Performance

The company’s fifty day moving average price is $4.02 and its two-hundred day moving average price is $3.95. The company has a quick ratio of 0.13, a current ratio of 0.34 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Digital Brands Group

Hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new stake in Digital Brands Group during the 4th quarter worth about $61,000. NVP Associates LLC bought a new stake in Digital Brands Group during the 4th quarter worth about $67,000. Armistice Capital LLC bought a new stake in Digital Brands Group during the 3rd quarter worth about $170,000. Millennium Management LLC bought a new stake in Digital Brands Group during the 4th quarter worth about $117,000. Finally, State Street Corp bought a new stake in Digital Brands Group during the 1st quarter worth about $39,000. 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.