Salvatore Ferragamo (OTCMKTS:SFRGY) Sets New 12-Month High – What’s Next?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) shares hit a new 52-week high on Monday . The company traded as high as $6.72 and last traded at $6.72, with a volume of 616 shares changing hands. The stock had previously closed at $6.24.

Analyst Ratings Changes

Separately, Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Salvatore Ferragamo has an average rating of “Hold”.

Salvatore Ferragamo Stock Up 1.6%

The stock has a 50 day moving average of $4.98 and a 200 day moving average of $4.50. The firm has a market cap of $2.09 billion and a price-to-earnings ratio of 12.13.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.