Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Down 5.7% – What’s Next?
by Danessa Lincoln · The Markets DailySalvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report)’s stock price fell 5.7% during trading on Thursday . The stock traded as low as $5.84 and last traded at $5.84. Approximately 778 shares changed hands during trading, a decline of 73% from the average daily volume of 2,917 shares. The stock had previously closed at $6.19.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
View Our Latest Report on Salvatore Ferragamo
Salvatore Ferragamo Stock Performance
The business’s fifty day moving average is $5.29 and its two-hundred day moving average is $4.60. The company has a market cap of $2.00 billion and a P/E 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.