Iconix Brand Group (NASDAQ:ICON) Trading Up 10.5%

Iconix Brand Group, Inc. (NASDAQ:ICON)’s share price was up 10.5% on Tuesday . The company traded as high as $0.94 and last traded at $0.88, approximately 223,350 shares changed hands during mid-day trading. A decline of 42% from the average daily volume of 383,364 shares. The stock had previously closed at $0.80.

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

The company has a fifty day moving average price of $0.87.

Iconix Brand Group (NASDAQ:ICON) last posted its earnings results on Tuesday, May 14th. The brand management company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Iconix Brand Group had a negative net margin of 63.02% and a negative return on equity of 6.88%. The firm had revenue of $35.94 million for the quarter.

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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