Ermenegildo Zegna (NYSE:ZGN) Shares Gap Down to $10.32

Ermenegildo Zegna (NYSE:ZGNGet Rating)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.32, but opened at $10.10. Ermenegildo Zegna shares last traded at $10.09, with a volume of 2 shares changing hands.

Wall Street Analyst Weigh In

Separately, UBS Group cut their price target on Ermenegildo Zegna to $10.00 in a report on Thursday, June 9th.

Ermenegildo Zegna Stock Performance

The business has a 50-day simple moving average of $10.76 and a two-hundred day simple moving average of $10.40. The company has a current ratio of 1.61, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On Ermenegildo Zegna

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Ermenegildo Zegna by 0.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,132,721 shares of the company’s stock valued at $117,450,000 after purchasing an additional 62,719 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Ermenegildo Zegna in the first quarter valued at approximately $59,749,000. State Street Corp acquired a new position in shares of Ermenegildo Zegna in the second quarter valued at approximately $4,775,000. Northern Trust Corp acquired a new position in shares of Ermenegildo Zegna in the second quarter valued at approximately $2,853,000. Finally, Rhumbline Advisers acquired a new position in shares of Ermenegildo Zegna in the second quarter valued at approximately $652,000. Institutional investors and hedge funds own 45.26% of the company’s stock.

About Ermenegildo Zegna

(Get Rating)

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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