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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $5.01, but opened at $4.60. Salvatore Ferragamo shares last traded at $4.55, with a volume of 304 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on SFRGY shares. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Salvatore Ferragamo Stock Down 8.1%

The firm’s 50 day moving average is $5.68 and its two-hundred day moving average is $5.02.

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.