Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Down – Should You Sell?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.7950, but opened at $4.24. Salvatore Ferragamo shares last traded at $4.24, with a volume of 1,001 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SFRGY shares. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. 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, Salvatore Ferragamo currently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Down 0.5%

The business’s 50 day moving average is $5.57 and its 200-day moving average is $5.04.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury goods company headquartered in Florence, Italy. Founded by Salvatore Ferragamo in 1927, the company is known for combining Italian craftsmanship with fashion and design, building on its founder’s early reputation as a shoemaker for Hollywood celebrities.

The company designs, manufactures and sells luxury footwear, handbags and other leather goods, ready-to-wear clothing, silk products, accessories, eyewear and fragrances. Its products are marketed under the Ferragamo brand through directly operated boutiques, department stores, specialty retailers, e-commerce platforms and selected wholesale partners.

Ferragamo serves customers internationally, with operations and distribution spanning Europe, North America, Asia-Pacific and other global markets.