Iconix Brand Group (NASDAQ:ICON) Trading 8.2% Higher

Iconix Brand Group, Inc. (NASDAQ:ICON)’s stock price traded up 8.2% during mid-day trading on Friday . The company traded as high as $0.98 and last traded at $0.92, 498,999 shares were traded during trading. An increase of 20% from the average session volume of 414,642 shares. The stock had previously closed at $0.85.

Separately, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

The stock has a 50-day moving average of $0.78.

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

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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