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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $3.68, but opened at $3.94. Salvatore Ferragamo shares last traded at $3.94, with a volume of 3,000 shares trading hands.

Analysts Set New Price Targets

A number of analysts have issued reports on SFRGY shares. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Zacks Research upgraded Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, Salvatore Ferragamo presently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Performance

The company has a 50 day simple moving average of $4.92 and a two-hundred day simple moving average of $5.08.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. is an Italian luxury-goods company headquartered in Florence, Italy. The company designs, produces, and distributes luxury footwear, leather goods, clothing, silk products, accessories, fragrances, eyewear, and watches under the Ferragamo brand.

The business was founded by Salvatore Ferragamo, who established a reputation for innovative footwear in the early 20th century after working in the United States and returning to Italy. The company continues to build on its heritage in craftsmanship and design while offering products across multiple luxury categories.

Ferragamo serves customers internationally through directly operated stores, e-commerce platforms, and selected wholesale and travel-retail partners.