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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $4.2950, but opened at $3.8130. Salvatore Ferragamo shares last traded at $3.8130, with a volume of 148 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Zacks Research upgraded 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 MarketBeat, the stock presently has a consensus rating of “Hold”.

Salvatore Ferragamo Price Performance

The stock has a 50-day moving average of $5.30 and a 200 day moving average of $5.08.

Salvatore Ferragamo Company Profile

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.