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

Shares of Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $46.77 and last traded at $47.01, with a volume of 902 shares changing hands. The stock had previously closed at $47.08.

Analyst Upgrades and Downgrades

MONRY has been the subject of several analyst reports. HSBC restated a “buy” rating on shares of Moncler in a report on Wednesday, September 9th. Citigroup reissued a “buy” rating on shares of Moncler in a report on Wednesday, August 19th. Royal Bank Of Canada restated a “sector perform” rating on shares of Moncler in a research report on Tuesday, September 22nd. The Goldman Sachs Group initiated coverage on shares of Moncler in a research note on Sunday, October 4th. They set a “buy” rating on the stock. Finally, Zacks Research cut shares of Moncler from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Moncler Trading Down 0.4%

The business has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $58.20.

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.