Ermenegildo Zegna (NYSE:ZGN - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $7.77 and last traded at $7.82, with a volume of 26466 shares. The stock had previously closed at $7.94.
Wall Street Analysts Forecast Growth
Separately, Bank of America lowered shares of Ermenegildo Zegna from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $13.00 to $9.80 in a research note on Monday, September 23rd.
Read Our Latest Research Report on ZGN
Ermenegildo Zegna Trading Down 0.6 %
The stock's 50 day moving average price is $9.25 and its two-hundred day moving average price is $10.83. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.24.
Institutional Trading of Ermenegildo Zegna
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Roubaix Capital LLC acquired a new stake in Ermenegildo Zegna during the third quarter valued at $2,481,000. SG Americas Securities LLC acquired a new stake in Ermenegildo Zegna during the third quarter valued at $330,000. Public Investment Fund grew its position in Ermenegildo Zegna by 25.9% during the second quarter. Public Investment Fund now owns 3,710,196 shares of the company's stock valued at $43,929,000 after buying an additional 764,122 shares during the period. Armistice Capital LLC grew its position in Ermenegildo Zegna by 547.4% during the second quarter. Armistice Capital LLC now owns 239,235 shares of the company's stock valued at $2,833,000 after buying an additional 202,281 shares during the period. Finally, nVerses Capital LLC grew its position in Ermenegildo Zegna by 525.0% during the second quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock valued at $30,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 12.91% of the company's stock.
About Ermenegildo Zegna
(
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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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