Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Down – Here’s Why

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGYGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.7950, but opened at $4.24. Salvatore Ferragamo shares last traded at $4.24, with a volume of 1,001 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SFRGY shares. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Read Our Latest Analysis on Salvatore Ferragamo

Salvatore Ferragamo Price Performance

The company’s 50-day simple moving average is $5.57 and its 200-day simple moving average is $5.04.

About Salvatore Ferragamo

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Salvatore Ferragamo S.p.A. is an Italian luxury goods company headquartered in Florence, Italy. Founded by Salvatore Ferragamo in 1927, the company is known for combining Italian craftsmanship with fashion and design, building on its founder’s early reputation as a shoemaker for Hollywood celebrities.

The company designs, manufactures and sells luxury footwear, handbags and other leather goods, ready-to-wear clothing, silk products, accessories, eyewear and fragrances. Its products are marketed under the Ferragamo brand through directly operated boutiques, department stores, specialty retailers, e-commerce platforms and selected wholesale partners.

Ferragamo serves customers internationally, with operations and distribution spanning Europe, North America, Asia-Pacific and other global markets.

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