Lanvin Group (NYSE:LANV) Shares Down 2.1% – Here’s Why

Lanvin Group Holdings Limited (NYSE:LANV) shares were down 2.1% during mid-day trading on Friday . The stock traded as low as $1.81 and last traded at $1.84. Approximately 4,953 shares changed hands during trading, a decline of 91% from the average daily volume of 55,685 shares. The stock had previously closed at $1.88.

Lanvin Group Trading Down 2.1 %

The company’s 50-day moving average price is $1.66 and its 200-day moving average price is $1.67. 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 Inflows and Outflows

An institutional investor recently bought a new position in Lanvin Group stock. Townsquare Capital LLC bought a new position in Lanvin Group Holdings Limited (NYSE:LANV) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,388 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 86.40% of the company’s stock.

Lanvin Group Company Profile

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.