Lanvin Group (NYSE:LANV) Trading Up 7.9% – Should You Buy?

Lanvin Group Holdings Limited (NYSE:LANV)’s share price was 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 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 current ratio of 0.53, a quick ratio of 0.23 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $1.86.

Hedge Funds Weigh In On Lanvin Group

An institutional investor recently bought a new position in Lanvin Group stock. Townsquare Capital LLC bought a new position in shares of Lanvin Group Holdings Limited (NYSE:LANV) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,388 shares of the company’s stock, valued at approximately $45,000. Institutional investors and hedge funds 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.