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

Shares of Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) gapped up before the market opened on Thursday. The stock had previously closed at $3.68, but opened at $3.94. Salvatore Ferragamo shares last traded at $3.94, with a volume of 3,000 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. 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 report on Monday, August 17th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Salvatore Ferragamo has an average rating of “Hold”.

Salvatore Ferragamo Stock Performance

The company has a 50-day simple moving average of $4.92 and a 200-day simple moving average of $5.08.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury-goods company headquartered in Florence, Italy. The company designs, produces, and distributes luxury footwear, leather goods, clothing, silk products, accessories, fragrances, eyewear, and watches under the Ferragamo brand.

The business was founded by Salvatore Ferragamo, who established a reputation for innovative footwear in the early 20th century after working in the United States and returning to Italy. The company continues to build on its heritage in craftsmanship and design while offering products across multiple luxury categories.

Ferragamo serves customers internationally through directly operated stores, e-commerce platforms, and selected wholesale and travel-retail partners.