Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Gap Up – What’s Next?

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) gapped up before the market opened on Tuesday. The stock had previously closed at $3.41, but opened at $3.60. Salvatore Ferragamo shares last traded at $3.60, with a volume of 141 shares traded.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Salvatore Ferragamo Price Performance

The stock has a 50-day moving average of $4.39 and a two-hundred day moving average of $4.70.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury-goods company best known for its footwear and leather craftsmanship. The company designs and sells luxury shoes, handbags, small leather goods, apparel, silk products, accessories, eyewear, watches and fragrances under the Ferragamo brand.

The company traces its origins to Salvatore Ferragamo, who established his business in Italy in 1927 after developing a reputation as a footwear designer in the United States. Ferragamo became known for combining technical innovation with Italian craftsmanship, and the business later expanded from shoes into a broader lifestyle and luxury-fashion offering.

Salvatore Ferragamo serves customers internationally through directly operated stores, e-commerce, selected wholesale partners and travel-retail locations.