Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Down – Time to Sell?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.65, but opened at $5.07. Salvatore Ferragamo shares last traded at $5.07, with a volume of 406 shares trading hands.

Analyst Ratings Changes

SFRGY has been the topic of a number of recent analyst reports. Zacks Research upgraded Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a research report on Monday, August 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Performance

The business has a 50-day moving average price of $5.73 and a 200 day moving average price of $5.00.

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.