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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $6.50, but opened at $5.91. Salvatore Ferragamo shares last traded at $5.91, with a volume of 882 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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Salvatore Ferragamo Price Performance

The company has a market capitalization of $1.97 billion and a P/E ratio of 12.13. The company’s 50-day moving average price is $5.23 and its two-hundred day moving average price is $4.58.

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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