Zacks Research upgraded shares of Salvatore Ferragamo (OTCMKTS:SFRGY – Free Report) to a hold rating in a report released on Thursday morning,Zacks.com reports.
Salvatore Ferragamo Price Performance
Salvatore Ferragamo stock opened at $6.10 on Thursday. Salvatore Ferragamo has a 52 week low of $2.54 and a 52 week high of $6.24. The company’s 50 day moving average price is $4.98 and its two-hundred day moving average price is $4.50.
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.
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