Lanvin Group (NYSE:LANV) Trading Down 2.4% – Time to Sell?

Lanvin Group Holdings Limited (NYSE:LANV)’s share price dropped 2.4% on Thursday . The stock traded as low as $1.99 and last traded at $2.00. Approximately 301,723 shares changed hands during mid-day trading, an increase of 361% from the average daily volume of 65,394 shares. The stock had previously closed at $2.05.

Lanvin Group Stock Up 0.5 %

The stock’s 50-day simple moving average is $1.94 and its two-hundred day simple moving average is $1.81. 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 Inflows and Outflows

A hedge fund recently bought a new stake in Lanvin Group stock. Townsquare Capital LLC acquired a new position in shares of Lanvin Group Holdings Limited (NYSE:LANV) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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.