Salvatore Ferragamo (OTCMKTS:SFRGY) Raised to “Hold” at Zacks Research

Salvatore Ferragamo (OTCMKTS:SFRGY) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Salvatore Ferragamo Trading Down 2.2%

Shares of Salvatore Ferragamo stock opened at $6.10 on Thursday. The stock has a 50-day simple moving average of $4.98 and a 200-day simple moving average of $4.50. Salvatore Ferragamo has a 52-week low of $2.54 and a 52-week high of $6.24.

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.