Naked Brand Group (NASDAQ:NAKD) Shares Down 5%

Shares of Naked Brand Group Limited (NASDAQ:NAKD) fell 5% on Wednesday . The stock traded as low as $0.57 and last traded at $0.57. 13,017 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 118,536,664 shares. The stock had previously closed at $0.59.

The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $0.58 and a 200-day simple moving average of $0.65.

A number of large investors have recently made changes to their positions in NAKD. Morgan Stanley increased its holdings in shares of Naked Brand Group by 7,454.7% in the second quarter. Morgan Stanley now owns 1,173,932 shares of the company’s stock valued at $757,000 after buying an additional 1,158,393 shares in the last quarter. Millennium Management LLC purchased a new position in Naked Brand Group during the 2nd quarter valued at about $246,000. Citadel Advisors LLC increased its stake in Naked Brand Group by 174.4% in the 2nd quarter. Citadel Advisors LLC now owns 469,468 shares of the company’s stock valued at $303,000 after buying an additional 298,389 shares during the period. LPL Financial LLC purchased a new stake in shares of Naked Brand Group during the 2nd quarter worth about $76,000. Finally, Geode Capital Management LLC boosted its holdings in Naked Brand Group by 86.4% in the second quarter. Geode Capital Management LLC now owns 470,216 shares of the company’s stock worth $303,000 after purchasing an additional 217,914 shares in the last quarter. 0.43% of the stock is currently owned by hedge funds and other institutional investors.

Naked Brand Group Company Profile (NASDAQ:NAKD)

Naked Brand Group Ltd. operates as an apparel and swimwear company. It designs, manufactures and markets a portfolio of company-owned and licensed brands, catering to a broad cross-section of consumers and market segments. The company’s brands include Bendon, Bendon Man, Me, By Bendon, Davenport, Fayreform, Lovable, Pleasure State, VaVoom, Evollove, and Hickory.

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