Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 1 shares, a drop of 99.9% from the June 15th total of 1,565 shares. Based on an average daily trading volume, of 6,030 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Salvatore Ferragamo Stock Performance
SFRGY stock traded up $0.10 during mid-day trading on Friday, hitting $5.93. The company had a trading volume of 816 shares, compared to its average volume of 2,882. The firm has a market cap of $2.00 billion and a PE ratio of 12.13. Salvatore Ferragamo has a 12 month low of $2.54 and a 12 month high of $6.72. The stock’s fifty day moving average price is $5.29 and its two-hundred day moving average price is $4.60.
Wall Street Analyst Weigh In
SFRGY has been the subject of several recent analyst reports. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.
About Salvatore Ferragamo
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.
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