Lanvin Group (NYSE:LANV) Trading Up 1.9% – Should You Buy?

Lanvin Group Holdings Limited (NYSE:LANV)’s stock price rose 1.9% during mid-day trading on Wednesday . The stock traded as high as $1.84 and last traded at $1.84. Approximately 17,360 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 69,259 shares. The stock had previously closed at $1.80.

Lanvin Group Stock Performance

The company has a 50-day moving average price of $1.97 and a 200-day moving average price of $1.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.23.

Institutional Investors Weigh In On Lanvin Group

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

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.