Digital Brands Group (NASDAQ:DBGI) Posts Earnings Results

Digital Brands Group (NASDAQ:DBGI) released its earnings results on Friday. The company reported ($1.18) earnings per share for the quarter, Zacks reports. Digital Brands Group had a negative return on equity of 416.64% and a negative net margin of 150.71%.The firm had revenue of $1.65 million during the quarter.

Digital Brands Group Price Performance

Digital Brands Group stock traded up $0.19 on Friday, reaching $7.69. The company’s stock had a trading volume of 116,278 shares, compared to its average volume of 93,368. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.12 and a current ratio of 0.33. The company has a market cap of $48.68 million, a price-to-earnings ratio of -0.11 and a beta of 0.38. Digital Brands Group has a twelve month low of $1.03 and a twelve month high of $17.13. The business’s fifty day moving average price is $8.22 and its 200 day moving average price is $9.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Digital Brands Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Digital Brands Group presently has an average rating of “Sell”.

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.