Apparel Manufacturing Industry Report

Following are the major gainers in the Apparel manufacturing industry on Tuesday. Be sure to put them on your watch list. All prices are after market close on Tuesday.

Sequential Brands Group, Inc (NASDAQ:SQBG) is the biggest gainer in the apparel manufacturing industry as the stock is up by 0.14% to trade at $7.40. Today, the stock is witnessing lower than average volume with more than 186.8K shares exchanged hands, compared to its average volume of 602.7K. The stock opened at $8.27 and moved within a range of $7.20 – $8.48. The stock has declined 48.43% YTD; however, it peaked in late March at $39.57.

Crown Crafts, Inc (NASDAQ:CRWS) is the second-highest gainer of the sector which moved higher by 0.13% to close at $7.71. The stock has moved within a wide range of $7.69 – $7.76. The stock has been oscillating around the $7+ mark. After achieving its peak in early March of $8.40. CRWS is trading very close to its 52-week high. The stock is gunning to set a new high?

Xcel Brands, Inc. (NASDAQ:XELB) is trading lower by 5.47% to $2.59 and touched a high of $2.78 in the morning session. Total volume was 264.8K shares, compared to its average volume of 2.5 million shares. The stock has moved within a range of $2.47 – 2.78 after opening at $2.74. The stock has gained 114.05% so far this year. The stock recorded a new 52-week high of $4.15 this month after jumping 238.64%. Xcel Brands reported disappointing earnings results last week where it registered a decline in revenue along with a widened net loss.

Iconix Brand Group, Inc (NASDAQ:ICON) closed at $1.83 after plummeting 4.69% yesterday. The stock had jumped more than 8% to record a high of $1.98 yesterday, on a volume of 50.1K shares vs its average volume of 17097K shares. Thus far, the stock has gained 45.24% in 2021; however, it has declined 23.11% in the quarter. Last week the stock reported disappointing 1Q earnings results.

Jerash Holdings (US), Inc. (NASDAQ:JRSH) also plunged 2.77% to close at $6.31 in the last trading session. The stock has gained 7.86% in 2021 so far. Yesterday, the stock moved in a narrow range of $6.29 – $6.48 trading on a total volume of 12K shares which is around its average volume of 15.4K shares. The stock is trading close to its 52-week high of $6.95. The stock can set a new record this week remains to be seen. There has not been much news around Jerash barring its declaration of quarterly dividend last week.

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