Iconix Brand Group Inc. (ICON) had a rough trading day for Wednesday February 17 as
shares
tumbled 6.02%, or a loss of $-0.18 per share, to close at $2.81. After opening the day at $3.04, shares of Iconix Brand Group Inc. traded as high as $3.06 and as
low as $2.73. Volume was 521,438 shares over 2,042 trades, against an average daily volume of n/a shares and a total float of 13.17 million.
As a result of the decline, Iconix Brand Group Inc. now has a market cap of $37.02 million. In the last
year, shares of Iconix Brand Group Inc. have traded between a range of $4.20 and $0.51, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
For a complete fundamental analysis of Iconix Brand Group Inc., check out Equities.com’s Stock Valuation Analysis report for
ICON.
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Iconix Brand Group Inc owns a portfolio of consumer brands in the apparel and home categories. It monetizes the brands through licensing and joint ventures with retailers and wholesalers worldwide. Its retail licensees include Wal-Mart, Target, Kohl’s, and Kmart/Sears. Some of the company’s notable brands are Peanuts, Mossimo, Starter, Sharper Image, and London Fog. Licensees are responsible for design, manufacture, and distribution, while Iconix manages advertising and promotional campaigns. Most agreements require licensees to pay Iconix for advertising and marketing and to guarantee Iconix a minimum amount of royalty revenue.
Iconix Brand Group Inc. is based out of New York, NY and has some 118 employees. Its CEO is Robert Galvin.
Iconix Brand Group Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an
industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an
objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives
a broad, unbiased look at the small-cap market as a whole.
To get more information on Iconix Brand Group Inc. and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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