|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.5200 - 2.5200|
|52 Week Range||1.6200 - 3.3000|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 20, 2018|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") has today placed under review for downgrade the B2 corporate family rating (CFR) and the B2-PD probability of default rating (PDR) of Italian eyeglass manufacturer Safilo S.p.A. The outlook was changed to rating under review from negative.
Italy's Safilo has agreed to buy 70% of Blenders Eyewear, looking to boost digital sales through a deal it said valued the U.S. surf and ski sunglasses brand at $90 million. E-commerce currently accounts for only 3% of Safilo's total revenue, mostly from its existing U.S. brand Smith. "With the deal we intend to accelerate Safilo's digital growth by learning from the great capabilities of the founder of this native-digital brand," Safilo Chief Executive Angelo Trocchia told Reuters on Monday.
It is doubtless a positive to see that the Safilo Group S.p.A. (BIT:SFL) share price has gained some 44% in the last...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Safilo S.p.A. Milan, July 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Safilo S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.