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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) gapped up prior to trading on Monday . The stock had previously closed at $5.9350, but opened at $6.21. Salvatore Ferragamo shares last traded at $6.21, with a volume of 258 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday, June 30th. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Salvatore Ferragamo presently has a consensus rating of “Hold”.

Salvatore Ferragamo Price Performance

The firm has a market cap of $2.08 billion and a PE ratio of 12.13. The stock has a 50-day moving average price of $5.36 and a 200 day moving average price of $4.62.

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.