Salvatore Ferragamo (OTCMKTS:SFRGY) Trading 9.1% Higher – Here’s What Happened

Shares of Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) were up 9.1% on Friday . The stock traded as high as $5.97 and last traded at $5.97. Approximately 129 shares traded hands during trading, a decline of 95% from the average daily volume of 2,766 shares. The stock had previously closed at $5.47.

Analyst Ratings Changes

SFRGY has been the subject of several research reports. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, June 30th. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Performance

The stock has a market cap of $2.02 billion and a P/E ratio of 12.13. The business’s 50-day moving average price is $5.51 and its 200-day moving average price is $4.67.

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.