Lanvin Group (NYSE:LANV) Stock Price Up 15.6% – Still a Buy?

Lanvin Group Holdings Limited (NYSE:LANV) shot up 15.6% during mid-day trading on Tuesday . The stock traded as high as $2.46 and last traded at $2.30. 115,820 shares were traded during mid-day trading, an increase of 60% from the average session volume of 72,443 shares. The stock had previously closed at $1.99.

Lanvin Group Trading Up 15.6 %

The firm’s fifty day moving average price is $1.85 and its 200-day moving average price is $1.71. The company has a current ratio of 0.53, a quick ratio of 0.23 and a debt-to-equity ratio of 0.30.

Institutional Trading of Lanvin Group

A hedge fund recently bought a new stake in Lanvin Group stock. Townsquare Capital LLC purchased a new position in Lanvin Group Holdings Limited (NYSE:LANV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,388 shares of the company’s stock, valued at approximately $45,000. 86.40% of the stock is currently owned by hedge funds and other institutional investors.

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.