Lanvin Group (NYSE:LANV) Trading Up 1.1% – Should You Buy?

Shares of Lanvin Group Holdings Limited (NYSE:LANV) shot up 1.1% during trading on Friday . The company traded as high as $1.80 and last traded at $1.82. 9,234 shares were traded during mid-day trading, an increase of 25% from the average session volume of 7,381 shares. The stock had previously closed at $1.80.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of 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, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lanvin Group Trading Up 1.1%

The firm has a 50-day moving average of $1.63 and a 200 day moving average of $1.75.

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