Shares of Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $5.85, but opened at $6.50. Salvatore Ferragamo shares last traded at $6.50, with a volume of 721 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on SFRGY shares. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday, June 30th. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Salvatore Ferragamo has an average rating of “Hold”.
Read Our Latest Analysis on SFRGY
Salvatore Ferragamo Price Performance
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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