Lanvin Group (NYSE:LANV) Trading Down 1.5% – Here’s Why

Lanvin Group Holdings Limited (NYSE:LANV) shares were down 1.5% during mid-day trading on Wednesday . The company traded as low as $1.29 and last traded at $1.34. Approximately 19,479 shares changed hands during trading, an increase of 32% from the average session volume of 14,765 shares. The stock had previously closed at $1.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Lanvin Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lanvin Group currently has a consensus rating of “Sell”.

Lanvin Group Stock Performance

The stock’s 50-day moving average is $1.56 and its 200-day moving average is $1.63.

Lanvin Group (NYSE:LANV) last posted its quarterly earnings results on Friday, May 1st. The company reported ($0.83) EPS for the quarter. The business had revenue of $62.47 million for the quarter.

Lanvin Group Company Profile

Lanvin Group (NYSE:LANV) is a global luxury fashion company centered on the heritage French brand Lanvin. The group designs, manufactures and distributes a broad range of upscale apparel, leather goods, footwear, accessories and fragrances. Its product portfolio spans womenswear, menswear and unisex items, complemented by seasonal collections and signature handbag lines.

Founded in 1889 by Jeanne Lanvin in Paris, Lanvin holds the distinction of being one of the oldest continually operating French couture houses.