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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $6.50, but opened at $5.91. Salvatore Ferragamo shares last traded at $5.91, with a volume of 882 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on SFRGY shares. 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 Tuesday, June 30th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Salvatore Ferragamo presently has an average rating of “Hold”.

Salvatore Ferragamo Stock Down 4.8%

The firm’s 50 day simple moving average is $5.16 and its 200-day simple moving average is $4.56. The company has a market capitalization of $2.09 billion and a PE ratio of 12.13.

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.