Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Up – What’s Next?

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”.

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Salvatore Ferragamo Price Performance

The company has a 50 day moving average of $5.12 and a 200-day moving average of $4.55. The company has a market capitalization of $2.19 billion and a P/E ratio of 12.13.

About Salvatore Ferragamo

(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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