Naked Brand Group (NASDAQ:NAKD) Stock Passes Above 50 Day Moving Average of $0.62

Naked Brand Group Limited (NASDAQ:NAKD) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.62 and traded as high as $0.67. Naked Brand Group shares last traded at $0.66, with a volume of 22,579,920 shares changing hands.

The company’s fifty day moving average is $0.62 and its 200 day moving average is $0.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.23 and a quick ratio of 1.91.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Naked Brand Group by 64.1% in the first quarter. Geode Capital Management LLC now owns 252,302 shares of the company’s stock valued at $180,000 after buying an additional 98,540 shares during the period. Texas Yale Capital Corp. purchased a new stake in shares of Naked Brand Group during the second quarter valued at approximately $72,000. Citadel Advisors LLC purchased a new stake in shares of Naked Brand Group during the first quarter valued at approximately $122,000. Millennium Management LLC purchased a new stake in shares of Naked Brand Group during the second quarter valued at approximately $246,000. Finally, LPL Financial LLC purchased a new stake in shares of Naked Brand Group during the second quarter valued at approximately $76,000. Hedge funds and other institutional investors own 0.43% of the company’s stock.

Naked Brand Group Company Profile (NASDAQ:NAKD)

Naked Brand Group Ltd. operates as an apparel and swimwear company. It designs, manufactures and markets a portfolio of company-owned and licensed brands, catering to a broad cross-section of consumers and market segments. The company’s brands include Bendon, Bendon Man, Me, By Bendon, Davenport, Fayreform, Lovable, Pleasure State, VaVoom, Evollove, and Hickory.

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