(Finance) – Run Piquadro with an increase of 3.15%, on the day in which it lifted the veil on the quarterly results and announced the distribution of a dividend of 7 million euros.
“The good earnings results for the 2023-2024 financial year reflect the important investments in creativity and technology that we are making across all three brands. Combined with this is a solid resilience to adverse market dynamics which highlights our flexibility and ability to adapt in a short time – says CEO Marco Palmieri – The macroeconomic situation makes the year particularly uncertain and difficult to predict. Even though we do not feel like making forecasts for the current year, the first two months of the 2024-2025 financial year have shown growth. “.
Comparing the performance of the stock with the FTSE Italia All-Shareon a weekly basis, we notice that the Italian leather goods manufacturer maintains positive relative strength in comparison with the index, demonstrating a greater appreciation by investors compared to the index itself (weekly performance +5.05%, compared to -0.22% of theItalian stock index).
The medium-term technical implications are always read in a bullish light, while in the short term we are witnessing a weakening of the bullish push due to the evident difficulty in proceeding above 2.433 Euros. The most immediate support level controlling the current phase seen in the 2.103 area is still valid. The most consistent expectations favor an extension of the corrective movement towards 1.917, which will occur in a reasonably short time.