Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Up – Still a Buy?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) gapped up before the market opened on Tuesday . The stock had previously closed at $6.10, but opened at $6.59. Salvatore Ferragamo shares last traded at $6.48, with a volume of 550 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Up 4.6%

The firm has a market cap of $2.19 billion and a price-to-earnings ratio of 12.13. The company’s 50-day moving average price is $5.01 and its 200-day moving average price is $4.51.

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.