Lanvin Group (NYSE:LANV) Stock Price Down 0.7% – Should You Sell?

Lanvin Group Holdings Limited (NYSE:LANV) fell 0.7% during mid-day trading on Friday. The company traded as low as $0.7851 and last traded at $0.80. Approximately 22,221 shares traded hands during trading, an increase of 30% from the average session volume of 17,116 shares. The stock had previously closed at $0.8054.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Lanvin Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lanvin Group Trading Down 0.7%

The business has a fifty day moving average price of $0.97 and a two-hundred day moving average price of $1.38.

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

Lanvin Group Company Profile

Lanvin Group is a global luxury fashion company that develops, owns and manages a portfolio of premium and luxury brands. Its portfolio includes Lanvin, one of France’s oldest couture houses, as well as Wolford, Sergio Rossi, St. John Knits and Caruso.

The group’s brands offer apparel, accessories, footwear, leather goods, lingerie and other luxury products. They operate through a combination of directly managed stores, wholesale partners, digital commerce and other distribution channels, serving customers across Europe, North America, Greater China and other international markets.

Lanvin Group was formerly known as Fosun Fashion Group and adopted its current name as part of its strategy to build a global luxury fashion platform.