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

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

Digital Brands Group Trading Up 3.1 %

The firm has a market capitalization of $2.55 million, a price-to-earnings ratio of -0.07 and a beta of 1.19. The company has a current ratio of 0.34, a quick ratio of 0.13 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $4.02 and a 200-day moving average price of $3.99.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Armistice Capital LLC acquired a new stake in Digital Brands Group in the 3rd quarter valued at $170,000. Walleye Capital LLC acquired a new stake in Digital Brands Group in the 2nd quarter valued at $407,000. Millennium Management LLC acquired a new stake in Digital Brands Group in the 4th quarter valued at $117,000. NVP Associates LLC acquired a new stake in Digital Brands Group in the 4th quarter valued at $67,000. Finally, Engineers Gate Manager LP acquired a new stake in Digital Brands Group in the 4th quarter valued at $61,000. 1.56% of the stock is owned by 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.