• Return to Headlines

Shares of G Iii Apparel Fall to a New 52-Week Low

By Shiri Gupta

Shares of G Iii Apparel (NASDAQ:GIII) traded today at $20.84, breaking its 52-week low. So far today approximately 235,000 shares have been exchanged, as compared to an average 30-day volume of 775,000 shares.

G-III Apparel Group, Ltd. is a manufacturer and distributor of outerwear, dresses, sportswear, swimwear, beachwear and women's suits, as well as handbags and luggage. The Company manufactures and distributes under licensed brands, their own brands, and private label brands. G-III also has licensing agreements with several sports leagues and universities.

G Iii Apparel (NASDAQ:GIII) has potential upside of 88.2% based on a current price of $20.84 and analysts' consensus price target of $39.22. The stock should run into initial resistance at its 50-day moving average (MA) of $26.86 and subsequent resistance at its 200-day MA of $33.69.

In the past 52 weeks, G Iii Apparel share prices have been bracketed by a current low of $20.84 and a high of $50.83 and are now at $20.84. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.7%.

SmarTrend is monitoring the recent change of momentum in G Iii Apparel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of G Iii Apparel in search of a potential trend change.

Keywords: 52 week high/lows g iii apparel

Ticker(s): GIII