Ermenegildo Zegna (NYSE:ZGN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.09 and last traded at $7.11, with a volume of 271553 shares changing hands. The stock had previously closed at $7.31.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on ZGN shares. BNP Paribas raised shares of Ermenegildo Zegna to a "hold" rating in a report on Monday, December 2nd. TD Cowen started coverage on shares of Ermenegildo Zegna in a research report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price objective for the company. Finally, Bank of America upgraded Ermenegildo Zegna from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $9.40 to $8.90 in a research report on Thursday, January 16th.
View Our Latest Stock Report on ZGN
Ermenegildo Zegna Stock Performance
The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 14.56 and a beta of 0.69. The firm's 50-day moving average price is $8.36 and its 200 day moving average price is $8.32.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Ermenegildo Zegna in the fourth quarter valued at about $28,000. Entropy Technologies LP acquired a new position in Ermenegildo Zegna during the fourth quarter valued at approximately $84,000. Mirabella Financial Services LLP acquired a new stake in Ermenegildo Zegna in the fourth quarter worth $87,000. Verition Fund Management LLC bought a new position in shares of Ermenegildo Zegna during the third quarter worth $149,000. Finally, Vident Advisory LLC acquired a new position in shares of Ermenegildo Zegna in the 4th quarter valued at $126,000. Institutional investors and hedge funds own 12.91% of the company's stock.
Ermenegildo Zegna Company Profile
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Get Free Report)
Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.
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