Lanvin Group (NYSE:LANV) Stock Price Up 7.9% – Here’s What Happened

Lanvin Group Holdings Limited (NYSE:LANV)’s stock price rose 7.9% on Thursday . The stock traded as high as $2.66 and last traded at $2.32. Approximately 139,229 shares traded 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 Up 7.9 %

The company has a fifty day moving average of $2.03 and a two-hundred day moving average of $1.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.23 and a current ratio of 0.53.

Hedge Funds Weigh In On Lanvin Group

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