Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Up – Here’s What Happened

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) gapped up before the market opened on Tuesday. The stock had previously closed at $3.41, but opened at $3.60. Salvatore Ferragamo shares last traded at $3.60, with a volume of 141 shares.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday, August 17th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Salvatore Ferragamo Price Performance

The company’s 50 day moving average is $4.27 and its 200 day moving average is $4.69.

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.