Ermenegildo Zegna (NYSE:ZGN) Sees Strong Trading Volume

Ermenegildo Zegna (NYSE:ZGN) shares saw an uptick in trading volume on Thursday . 218,158 shares were traded during trading, a decline of 56% from the previous session’s volume of 499,220 shares.The stock last traded at $8.77 and had previously closed at $8.82.

Ermenegildo Zegna Trading Down 2.9 %

The firm has a market cap of $3.43 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 2.03 and a beta of 0.62. The business’s 50 day moving average is $10.36 and its 200-day moving average is $11.87. The company has a quick ratio of 0.76, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Ermenegildo Zegna

Several hedge funds and other institutional investors have recently modified their holdings of ZGN. nVerses Capital LLC grew its stake in Ermenegildo Zegna by 525.0% in the second quarter. nVerses Capital LLC now owns 2,500 shares of the company’s stock worth $30,000 after purchasing an additional 2,100 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $264,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ermenegildo Zegna in the 1st quarter valued at approximately $353,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ermenegildo Zegna during the 1st quarter valued at approximately $563,000. Finally, Quadrature Capital Ltd lifted its stake in Ermenegildo Zegna by 49.7% during the fourth quarter. Quadrature Capital Ltd now owns 38,579 shares of the company’s stock worth $446,000 after purchasing an additional 12,805 shares during the last quarter. Institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.