Salvatore Ferragamo (OTCMKTS:SFRGF) Shares Up 12.8% – What’s Next?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF)’s stock price shot up 12.8% during mid-day trading on Thursday . The company traded as high as $10.15 and last traded at $10.15. 700 shares were traded during mid-day trading, a decline of 63% from the average session volume of 1,900 shares. The stock had previously closed at $9.00.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Salvatore Ferragamo from an “underperform” rating to an “outperform” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Salvatore Ferragamo Stock Performance

The company has a 50-day moving average of $10.15 and a 200 day moving average of $8.78.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury fashion house known for its craftsmanship in footwear, leather goods, ready-to-wear, accessories, eyewear, watches and fragrances. Since its founding, the company has built a reputation for combining innovative design with high-quality materials, particularly in its signature shoe collections. In addition to its core footwear business, Ferragamo offers a range of handbags, small leather accessories and silk products that reflect its heritage of artisanal techniques.

The company was established in 1927 in Florence by Salvatore Ferragamo, who gained renown for designing custom shoes for Hollywood stars in the 1930s.