Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.10, but opened at $6.59. Salvatore Ferragamo shares last traded at $6.48, with a volume of 550 shares changing hands.
Analysts Set New Price Targets
Separately, Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Salvatore Ferragamo presently has an average rating of “Hold”.
Read Our Latest Stock Analysis on SFRGY
Salvatore Ferragamo Stock 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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