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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.1950, but opened at $5.75. Salvatore Ferragamo shares last traded at $5.75, with a volume of 729 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research upgraded 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 report on Tuesday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Down 10.3%

The stock has a market capitalization of $1.94 billion and a P/E ratio of 12.13. The business has a fifty day moving average price of $5.05 and a 200-day moving average price of $4.53.

Salvatore Ferragamo Company Profile

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.