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

Digital Brands Group, Inc. (NASDAQ:DBGI) shares rose 3.1% during trading on Thursday . The company traded as high as $3.18 and last traded at $2.96. Approximately 45,144 shares changed 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 Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.34 and a quick ratio of 0.13. The stock has a 50 day moving average price of $4.02 and a 200 day moving average price of $3.95.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Armistice Capital LLC purchased a new position in Digital Brands Group during the third quarter valued at $170,000. State Street Corp acquired a new stake in shares of Digital Brands Group in the 1st quarter worth $39,000. Millennium Management LLC acquired a new stake in shares of Digital Brands Group in the 4th quarter worth $117,000. NVP Associates LLC acquired a new stake in Digital Brands Group during the 4th quarter worth about $67,000. Finally, Engineers Gate Manager LP acquired a new stake in Digital Brands Group during the 4th quarter worth about $61,000. Hedge funds and other 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.