Ermenegildo Zegna (NYSE:ZGN) Sets New 52-Week Low at $9.06

Ermenegildo Zegna (NYSE:ZGN)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.06 and last traded at $9.35, with a volume of 45613 shares. The stock had previously closed at $9.75.

Ermenegildo Zegna Stock Down 1.2 %

The company’s 50 day moving average price is $10.47 and its 200 day moving average price is $11.93. The company has a quick ratio of 0.76, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 2.03 and a beta of 0.62.

Institutional Investors Weigh In On Ermenegildo Zegna

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors acquired a new position in Ermenegildo Zegna during the first quarter valued at $54,202,000. Capital World Investors lifted its position in Ermenegildo Zegna by 34.6% during the first quarter. Capital World Investors now owns 5,195,013 shares of the company’s stock valued at $76,107,000 after purchasing an additional 1,335,945 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in Ermenegildo Zegna during the fourth quarter valued at $4,165,000. Liontrust Investment Partners LLP acquired a new position in Ermenegildo Zegna during the second quarter valued at $2,960,000. Finally, Tabor Asset Management LP lifted its position in Ermenegildo Zegna by 48.2% during the fourth quarter. Tabor Asset Management LP now owns 734,035 shares of the company’s stock valued at $8,493,000 after purchasing an additional 238,614 shares during the period. 12.91% of the stock is currently owned by institutional investors and hedge funds.

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.