Iconix Brand Group (NASDAQ:ICON) Trading 6.8% Higher

Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) traded up 6.8% during mid-day trading on Tuesday . The company traded as high as $0.69 and last traded at $0.62, 101,251 shares changed hands during trading. An increase of 27% from the average session volume of 79,933 shares. The stock had previously closed at $0.58.

Separately, ValuEngine downgraded Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 11th.

The company has a 50-day moving average price of $1.18 and a two-hundred day moving average price of $1.52. The company has a market cap of $7.27 million, a PE ratio of -0.06 and a beta of 2.10.

An institutional investor recently raised its position in Iconix Brand Group stock. Renaissance Technologies LLC lifted its stake in Iconix Brand Group, Inc. (NASDAQ:ICON) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,378 shares of the brand management company’s stock after buying an additional 50,300 shares during the period. Renaissance Technologies LLC owned approximately 3.04% of Iconix Brand Group worth $481,000 as of its most recent SEC filing. Institutional investors own 6.61% of the company’s stock.

Iconix Brand Group Company Profile (NASDAQ:ICON)

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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