Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) fell 11.7% during mid-day trading on Friday. The stock traded as low as $3.40 and last traded at $3.40. 296 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 8,923 shares. The stock had previously closed at $3.85.
Wall Street Analyst Weigh In
SFRGY has been the subject of several analyst reports. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday, August 17th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Analysis on Salvatore Ferragamo
Salvatore Ferragamo Stock Down 11.7%
The firm has a fifty day moving average of $4.68 and a two-hundred day moving average of $5.07.
About Salvatore Ferragamo
Salvatore Ferragamo S.p.A. is an Italian luxury-goods company best known for its footwear and leather craftsmanship. The company designs and sells luxury shoes, handbags, small leather goods, apparel, silk products, accessories, eyewear, watches and fragrances under the Ferragamo brand.
The company traces its origins to Salvatore Ferragamo, who established his business in Italy in 1927 after developing a reputation as a footwear designer in the United States. Ferragamo became known for combining technical innovation with Italian craftsmanship, and the business later expanded from shoes into a broader lifestyle and luxury-fashion offering.
Salvatore Ferragamo serves customers internationally through directly operated stores, e-commerce, selected wholesale partners and travel-retail locations.
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