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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) gapped up prior to trading on Monday . The stock had previously closed at $6.0855, but opened at $6.39. Salvatore Ferragamo shares last traded at $6.39, with a volume of 757 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on SFRGY. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Salvatore Ferragamo has an average rating of “Hold”.

Salvatore Ferragamo Price Performance

The stock has a market cap of $2.16 billion and a price-to-earnings ratio of 12.13. The business has a fifty day moving average of $5.43 and a 200 day moving average of $4.64.

About Salvatore Ferragamo

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.