Iconix Brand Group Inc. (ICON) Jumps 7.44% on February 17

Equities Staff |

Iconix Brand Group Inc. (ICON) was among the biggest gainers on the Russell 2000 for Wednesday February 17 as the stock popped 7.44% to $8.11, representing a gain of $0.562 per share. Some 2.27 million shares traded hands on 12,390 trades, compared with an average daily volume of 2.52 million shares out of a total float of 48.39 million. The stock opened at $7.67 and traded with an intraday range of $8.45 to $7.67.

After today's gains, Iconix Brand Group Inc. reached a market cap of $392.57 million. Iconix Brand Group Inc. has had a trading range between $37.29 and $4.67 over the last year, and it had a 50-day SMA of $6.34 and a 200-day SMA of $15.31.

The stock has a P/E Ratio of 4.1.

Iconix Brand Group Inc is a brand management company. It is engaged in licensing, marketing and providing trend direction for a portfolio of consumer brands.

Iconix Brand Group Inc. is based out of New York, NY and has some 150 employees. Its CEO is F. Peter Cuneo.

For a complete fundamental analysis analysis of Iconix Brand Group Inc., check out Equities.com’s Stock Valuation Analysis report for ICON. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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