Lanvin Group (NYSE:LANV) Trading Down 1.9% – What’s Next?

Lanvin Group Holdings Limited (NYSE:LANV) shares were down 1.9% during trading on Wednesday . The company traded as low as $1.0244 and last traded at $1.05. Approximately 14,533 shares traded hands during trading, a decline of 69% from the average daily volume of 47,297 shares. The stock had previously closed at $1.07.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Lanvin Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Lanvin Group Stock Performance

The stock’s 50-day moving average is $1.14 and its 200-day moving average is $1.43.

Lanvin Group (NYSE:LANV) last issued its quarterly earnings results on Wednesday, August 26th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $57.52 million during the quarter.

About Lanvin Group

Lanvin Group is a global luxury fashion group that develops, manages and operates a portfolio of heritage and contemporary brands. Its portfolio includes Lanvin, Wolford, Sergio Rossi, St. John Knits and Caruso, spanning fashion, accessories, footwear and related luxury products.

The group’s brands serve customers through retail stores, wholesale partners and digital channels across key luxury markets, including Europe, North America and Greater China, as well as other international regions.