Lanvin Group (NYSE:LANV) Shares Up 15.6% – Still a Buy?

Shares of Lanvin Group Holdings Limited (NYSE:LANV) rose 15.6% during trading on Tuesday . The stock traded as high as $2.46 and last traded at $2.30. Approximately 115,820 shares traded hands during trading, an increase of 60% from the average daily volume of 72,443 shares. The stock had previously closed at $1.99.

Lanvin Group Price Performance

The stock has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $1.71. The company has a quick ratio of 0.23, a current ratio of 0.53 and a debt-to-equity ratio of 0.30.

Institutional Trading of Lanvin Group

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 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,388 shares of the company’s stock, valued at approximately $45,000. Institutional investors own 86.40% of the company’s stock.

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.