Iconix Brand Group (NASDAQ:ICON) Trading Up 7.3%

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Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) were up 7.3% during mid-day trading on Friday . The company traded as high as $1.94 and last traded at $1.91, approximately 151,800 shares were traded during trading. A decline of 58% from the average daily volume of 361,265 shares. The stock had previously closed at $1.78.

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

The stock’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.21.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Thursday, August 8th. The brand management company reported $0.12 EPS for the quarter. The company had revenue of $34.39 million during the quarter. Iconix Brand Group had a negative net margin of 18.61% and a negative return on equity of 0.97%.

A hedge fund recently raised its stake in Iconix Brand Group stock. Vanguard Group Inc. raised its position in Iconix Brand Group, Inc. (NASDAQ:ICON) by 97.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,356 shares of the brand management company’s stock after purchasing an additional 109,959 shares during the period. Vanguard Group Inc. owned 2.07% of Iconix Brand Group worth $190,000 at the end of the most recent reporting period. 9.71% of the stock is owned by institutional investors and hedge funds.

About Iconix Brand Group (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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