Yoox SPA (NASDAQ:YXOXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “YOOX Net-A-Porter SpA engages in the fashion electronic commerce business. It operates through the Multi-brand and Mono-brand segments. Multi-brand segment includes activities relating to the multi-brand online stores yoox.com, thecorner.com and shoescribe.com. Mono-brand segment comprises the exclusive design, creation and management of the online stores. YOOX Net-A-Porter SpA is headquartered in Zola Predosa, Italy. “

Shares of Yoox SPA (NASDAQ YXOXY) opened at 39.36 on Thursday. The firm has a 50-day moving average price of $35.29 and a 200-day moving average price of $29.63. The firm has a market capitalization of $5.27 billion and a P/E ratio of 125.75. Yoox SPA has a 52-week low of $22.53 and a 52-week high of $39.57.

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