Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Up – Time to Buy?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY)’s stock price gapped up prior to trading 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of 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 analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Performance

The firm’s 50 day simple moving average is $4.84 and its 200 day simple moving average is $5.07.

About Salvatore Ferragamo

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.