Shares of Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $3.40, but opened at $3.54. Salvatore Ferragamo shares last traded at $3.6450, with a volume of 456 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday, August 17th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Salvatore Ferragamo currently has an average rating of “Hold”.
Check Out Our Latest Analysis on Salvatore Ferragamo
Salvatore Ferragamo Price Performance
The company’s 50-day moving average is $4.63 and its two-hundred day moving average is $5.07.
About Salvatore Ferragamo
Salvatore Ferragamo S.p.A. is an Italian luxury-goods company best known for its footwear and leather craftsmanship. The company designs and sells luxury shoes, handbags, small leather goods, apparel, silk products, accessories, eyewear, watches and fragrances under the Ferragamo brand.
The company traces its origins to Salvatore Ferragamo, who established his business in Italy in 1927 after developing a reputation as a footwear designer in the United States. Ferragamo became known for combining technical innovation with Italian craftsmanship, and the business later expanded from shoes into a broader lifestyle and luxury-fashion offering.
Salvatore Ferragamo serves customers internationally through directly operated stores, e-commerce, selected wholesale partners and travel-retail locations.
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