Lanvin Group (NYSE:LANV) Shares Up 7.9% – What’s Next?

Shares of Lanvin Group Holdings Limited (NYSE:LANV) were up 7.9% during trading on Thursday . The company traded as high as $2.66 and last traded at $2.32. Approximately 139,229 shares changed hands during mid-day trading, an increase of 110% from the average daily volume of 66,316 shares. The stock had previously closed at $2.15.

Lanvin Group Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.23. The firm has a fifty day moving average of $2.03 and a 200-day moving average of $1.86.

Institutional Trading of Lanvin Group

A hedge fund recently bought a new stake in Lanvin Group stock. Townsquare Capital LLC purchased a new stake in shares of Lanvin Group Holdings Limited (NYSE:LANV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,388 shares of the company’s stock, valued at approximately $45,000. 86.40% of the stock is currently owned by institutional investors and hedge funds.

About Lanvin Group

Lanvin Group Holdings Limited operates as a couture house in the Europe, the Middle East, Africa, North America, China, and other Asian countries. It operates through five segments: Lanvin, Wolford, St. John, Sergio Rossi, and Caruso. The company offers ready-to-wear, made to measure, footwear, leather goods, costume jewelry, accessories, eyewear, and childrenswear under the Lanvin brand name; ready-to-wear, legwear, lingerie and beachwear, athleisure, and accessories under the Wolford brand; footwear under the Sergio Rossi brand name; luxury womenswear, footwear, handbags, jewelry, and leather goods under the St.