Salvatore Ferragamo (OTCMKTS:SFRGY) Sets New 12-Month High – Should You Buy?

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

Analyst Ratings Changes

SFRGY has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday. Zacks Research upgraded Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Salvatore Ferragamo has an average rating of “Hold”.

Salvatore Ferragamo Stock Performance

The stock’s 50 day simple moving average is $5.05 and its 200-day simple moving average is $4.53. The firm has a market cap of $2.16 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.