Salvatore Ferragamo (OTCMKTS:SFRGF) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Salvatore Ferragamo (OTCMKTS:SFRGF) from an underperform rating to an outperform rating in a research note issued to investors on Monday morning, Marketbeat.com reports.

Salvatore Ferragamo Stock Performance

SFRGF stock opened at $10.15 on Monday. Salvatore Ferragamo has a 1 year low of $9.00 and a 1 year high of $10.15. The business has a 50 day simple moving average of $10.15 and a 200-day simple moving average of $7.93.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. is an Italian luxury fashion house known for its craftsmanship in footwear, leather goods, ready-to-wear, accessories, eyewear, watches and fragrances. Since its founding, the company has built a reputation for combining innovative design with high-quality materials, particularly in its signature shoe collections. In addition to its core footwear business, Ferragamo offers a range of handbags, small leather accessories and silk products that reflect its heritage of artisanal techniques.

The company was established in 1927 in Florence by Salvatore Ferragamo, who gained renown for designing custom shoes for Hollywood stars in the 1930s.