Yoox SPA (NASDAQ:YXOXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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 38.68 on Thursday. The stock has a market cap of $5.18 billion and a price-to-earnings ratio of 123.58. Yoox SPA has a 52 week low of $22.53 and a 52 week high of $39.57. The firm has a 50-day moving average price of $35.58 and a 200 day moving average price of $29.81.

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