Lanvin Group (NYSE:LANV) Trading 3.6% Higher – Here’s What Happened

Lanvin Group Holdings Limited (NYSE:LANV)’s stock price traded up 3.6% during trading on Friday . The stock traded as high as $2.05 and last traded at $2.02. 40,249 shares were traded during trading, an increase of 5% from the average session volume of 38,413 shares. The stock had previously closed at $1.95.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lanvin Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lanvin Group Price Performance

The business’s 50-day simple moving average is $2.08 and its 200-day simple moving average is $2.18. The company has a market cap of $282.36 million, a price-to-earnings ratio of 25.25 and a beta of -0.24.

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.