Moncler (OTCMKTS:MONRY) Reaches New 1-Year Low – Should You Sell?

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $47.46 and last traded at $47.75, with a volume of 2,049 shares. The stock had previously closed at $49.5193.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MONRY shares. HSBC restated a “buy” rating on shares of Moncler in a research report on Wednesday, September 9th. The Goldman Sachs Group began coverage on Moncler in a report on Sunday, October 4th. They set a “buy” rating for the company. Morgan Stanley began coverage on Moncler in a research report on Tuesday, June 23rd. They set an “equal weight” rating for the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Moncler in a report on Tuesday, September 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Moncler in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Moncler Price Performance

The company’s 50-day simple moving average is $52.13 and its 200 day simple moving average is $57.60.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury apparel company headquartered in Milan. Founded in 1952 in Monestier-de-Clermont, France, the company initially produced technical equipment and sleeping bags before becoming known for down jackets and other high-performance outerwear.

Moncler designs, manufactures and distributes luxury clothing, footwear and accessories for men, women and children. Its product range includes down jackets, coats, knitwear, sportswear, bags, shoes and other fashion accessories.