Digital Brands Group (NASDAQ:DBGI) Stock Price Down 6.5% - Time to Sell?

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.

Shares of Digital Brands Group, Inc. (NASDAQ:DBGI - Get Free Report) traded down 6.5% during trading on Friday . The stock traded as low as $10.00 and last traded at $11.20. 45,840 shares were traded during mid-day trading, an increase of 6% from the average session volume of 43,402 shares. The stock had previously closed at $11.98.

Analysts Set New Price Targets

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 Stock Performance

The company has a debt-to-equity ratio of 7.88, a current ratio of 0.29 and a quick ratio of 0.06. The firm has a fifty day simple moving average of $11.79 and a 200 day simple moving average of $8.17. The company has a market capitalization of $47.38 million, a price-to-earnings ratio of -0.02 and a beta of 0.36.

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.