Prada S.p.A. (OTCMKTS:PRDSY – Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $9.98 and traded as low as $9.8201. Prada shares last traded at $9.9001, with a volume of 70,474 shares changing hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group assumed coverage on shares of Prada in a report on Sunday, October 4th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Prada currently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on PRDSY
Prada Stock Down 0.8%
About Prada
Prada S.p.A. is an Italian luxury goods company headquartered in Milan, Italy. Founded in 1913 by Mario Prada, the business began as a leather goods retailer and developed into an international luxury group known for its design-driven products and distinctive brand identity. Prada is listed on the Hong Kong Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol PRDSY.
The company designs, manufactures and sells luxury apparel, handbags and other leather goods, footwear, accessories and fragrances.
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