Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Down – Time to Sell?

Shares of Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $6.1950, but opened at $5.75. Salvatore Ferragamo shares last traded at $5.75, with a volume of 729 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research report on Tuesday. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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Salvatore Ferragamo Stock Performance

The firm has a market cap of $1.99 billion and a P/E ratio of 12.13. The business’s 50-day simple moving average is $5.09 and its 200 day simple moving average is $4.54.

Salvatore Ferragamo Company Profile

(Get Free Report)

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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