Ermenegildo Zegna (NYSE:ZGN) Sees Unusually-High Trading Volume

Shares of Ermenegildo Zegna (NYSE:ZGNGet Rating) saw unusually-strong trading volume on Tuesday . Approximately 12,287 shares changed hands during trading, a decline of 88% from the previous session’s volume of 106,132 shares.The stock last traded at $11.34 and had previously closed at $11.55.

Analysts Set New Price Targets

Separately, Bank of America started coverage on Ermenegildo Zegna in a report on Tuesday, September 20th. They set a “buy” rating and a $13.00 price target on the stock.

Ermenegildo Zegna Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.61. The company has a fifty day moving average price of $10.75 and a two-hundred day moving average price of $10.62.

Institutional Trading of Ermenegildo Zegna

Several hedge funds and other institutional investors have recently made changes to their positions in ZGN. Strs Ohio acquired a new position in shares of Ermenegildo Zegna in the second quarter worth approximately $116,000. Penserra Capital Management LLC lifted its stake in shares of Ermenegildo Zegna by 83.0% in the first quarter. Penserra Capital Management LLC now owns 12,189 shares of the company’s stock worth $128,000 after acquiring an additional 5,530 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ermenegildo Zegna in the second quarter worth approximately $139,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ermenegildo Zegna in the second quarter worth approximately $143,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Ermenegildo Zegna in the third quarter worth approximately $184,000. 45.26% of the stock is currently owned by institutional investors.

Ermenegildo Zegna Company Profile

(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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