Iconix Brand Group (NASDAQ:ICON) Trading 0.6% Higher

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Iconix Brand Group, Inc. (NASDAQ:ICON)’s stock price traded up 0.6% on Tuesday . The company traded as high as $1.68 and last traded at $1.68, 2,657 shares traded hands during trading. A decline of 99% from the average session volume of 201,964 shares. The stock had previously closed at $1.67.

Separately, ValuEngine cut shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

The stock’s 50-day moving average is $1.09 and its two-hundred day moving average is $1.08.

An institutional investor recently raised its position in Iconix Brand Group stock. Vanguard Group Inc. raised its holdings in Iconix Brand Group, Inc. (NASDAQ:ICON) by 97.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,356 shares of the brand management company’s stock after buying an additional 109,959 shares during the period. Vanguard Group Inc. owned approximately 2.07% of Iconix Brand Group worth $190,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.16% of the company’s stock.

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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