Salvatore Ferragamo (OTCMKTS:SFRGY) Hits New 52-Week High – Time to Buy?

Shares of Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) reached 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 upgraded shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Salvatore Ferragamo has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Performance

The company has a market cap of $2.09 billion and a P/E ratio of 12.13. The stock has a 50-day moving average of $4.98 and a two-hundred day moving average of $4.50.

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.