Ermenegildo Zegna (NYSE:ZGN) Sets New 1-Year Low at $10.00

Ermenegildo Zegna (NYSE:ZGN)’s share price hit a new 52-week low on Friday . The company traded as low as $10.00 and last traded at $10.06, with a volume of 29600 shares. The stock had previously closed at $10.25.

Ermenegildo Zegna Trading Down 3.9 %

The firm has a fifty day moving average of $10.78 and a 200-day moving average of $12.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 1.27. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.22 and a beta of 0.63.

Institutional Trading of Ermenegildo Zegna

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC raised its stake in shares of Ermenegildo Zegna by 525.0% in the 2nd quarter. nVerses Capital LLC now owns 2,500 shares of the company’s stock valued at $30,000 after purchasing an additional 2,100 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ermenegildo Zegna in the 4th quarter valued at approximately $264,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ermenegildo Zegna in the first quarter worth $353,000. Quadrature Capital Ltd lifted its position in shares of Ermenegildo Zegna by 49.7% in the 4th quarter. Quadrature Capital Ltd now owns 38,579 shares of the company’s stock worth $446,000 after buying an additional 12,805 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Ermenegildo Zegna during the 1st quarter valued at about $563,000. Institutional investors and hedge funds 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.