Lanvin Group Holdings Limited (NYSE:LANV - Get Free Report)'s share price dropped 2.4% during trading on Thursday . The company traded as low as $1.99 and last traded at $2.00. Approximately 301,723 shares traded hands during mid-day trading, an increase of 361% from the average daily volume of 65,394 shares. The stock had previously closed at $2.05.
The company has a 50-day moving average price of $1.94 and a two-hundred day moving average price of $1.81. The company has a current ratio of 0.53, a quick ratio of 0.23 and a debt-to-equity ratio of 0.30.
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 - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,388 shares of the company's stock, valued at approximately $45,000. Institutional investors own 86.40% of the company's stock.
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.
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