Iconix Brand Group (NASDAQ:ICON) Trading 6.8% Higher

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Iconix Brand Group, Inc. (NASDAQ:ICON) shares traded up 6.8% during trading on Tuesday . The stock traded as high as $0.69 and last traded at $0.62, 101,251 shares changed hands during mid-day trading. An increase of 27% from the average session volume of 79,933 shares. The stock had previously closed at $0.58.

Separately, ValuEngine cut Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 11th.

The stock has a market capitalization of $7.27 million, a price-to-earnings ratio of -0.06 and a beta of 2.10. The firm has a 50-day moving average of $1.18 and a 200 day moving average of $1.52.

An institutional investor recently raised its position in Iconix Brand Group stock. Renaissance Technologies LLC raised its position in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 356,378 shares of the brand management company’s stock after purchasing an additional 50,300 shares during the quarter. Renaissance Technologies LLC owned about 3.04% of Iconix Brand Group worth $481,000 as of its most recent SEC filing. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Iconix Brand Group Company Profile (NASDAQ:ICON)

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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