Digital Brands Group (NASDAQ:DBGI) Stock Price Down 6.5% - Here's Why

Key Points

• Digital Brands Group's stock price fell by 6.5%, trading as low as $10.00 and ending at $11.20.
• Analysts at Wall Street Zen upgraded the company's rating from "sell" to "hold" as of May 30th.
• The company has a market capitalization of $50.30 million and a notably high debt-to-equity ratio of 7.88.

Digital Brands Group, Inc. (NASDAQ:DBGI - Get Free Report)'s share price dropped 6.5% on Friday . The stock traded as low as $10.00 and last traded at $11.20. Approximately 45,840 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 43,402 shares. The stock had previously closed at $11.98.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Digital Brands Group from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

Digital Brands Group Price Performance

The company has a market cap of $50.30 million, a P/E ratio of -0.02 and a beta of 0.36. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.06 and a current ratio of 0.29. The firm's fifty day moving average is $11.80 and its two-hundred day moving average is $7.98.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.