Brunello Cucinelli (OTCMKTS:BCUCY) Shares Climb 5.9% – Here’s What Happened

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) shares shot up 5.9% on Friday. The company traded as high as $10.13 and last traded at $9.7850. 778 shares were traded during trading, a decline of 98% from the average session volume of 44,121 shares. The stock had previously closed at $9.24.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Brunello Cucinelli in a report on Monday, August 3rd. Royal Bank Of Canada upgraded shares of Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 5th. The Goldman Sachs Group initiated coverage on shares of Brunello Cucinelli in a research report on Sunday, October 4th. They set a “hold” rating on the stock. Finally, Citigroup restated a “buy” rating on shares of Brunello Cucinelli in a research note on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Brunello Cucinelli presently has an average rating of “Moderate Buy”.

Brunello Cucinelli Price Performance

The company has a 50-day simple moving average of $9.50 and a two-hundred day simple moving average of $9.59.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion company specializing in high-end apparel and accessories. The company is particularly known for its cashmere products, as well as collections of clothing, footwear, handbags, leather goods and other lifestyle items for men and women.

Brunello Cucinelli founded the company in 1978, initially focusing on colored cashmere. The business is headquartered in Solomeo, Italy, a village closely associated with the company’s manufacturing, design and corporate activities.