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

Lanvin Group Holdings Limited (NYSE:LANV) shares fell 1.5% on Wednesday . The stock 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Lanvin Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lanvin Group presently has an average rating of “Sell”.

Lanvin Group Price Performance

The firm has a 50-day simple moving average of $1.56 and a 200 day simple moving average of $1.63.

Lanvin Group (NYSE:LANV) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.83) earnings per share (EPS) for the quarter. The firm had revenue of $62.47 million during the quarter.

About Lanvin Group

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.