Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Down – Time to Sell?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.21, but opened at $5.88. Salvatore Ferragamo shares last traded at $5.88, with a volume of 1,546 shares changing hands.

Analysts Set New Price Targets

A number of research firms have issued reports on SFRGY. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Salvatore Ferragamo has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Down 5.3%

The firm has a 50-day simple moving average of $5.32 and a 200-day simple moving average of $4.61. The stock has a market cap of $1.98 billion and a PE ratio of 12.13.

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.