Moncler (OTCMKTS:MONRY) Earns Equal Weight Rating from Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley initiated coverage on shares of Moncler (OTCMKTS:MONRY) in a research note issued to investors on Tuesday. The firm set an “equal weight” rating on the stock.

A number of other research firms have also recently commented on MONRY. Citigroup reissued a “buy” rating on shares of Moncler in a research report on Friday, April 24th. Barclays reissued an “overweight” rating on shares of Moncler in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Moncler Stock Performance

Shares of OTCMKTS:MONRY remained flat at $58.10 during mid-day trading on Tuesday. The company had a trading volume of 17,852 shares, compared to its average volume of 14,706. Moncler has a 1-year low of $53.24 and a 1-year high of $71.41. The stock’s 50-day moving average price is $62.57 and its 200 day moving average price is $62.57.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.