Moncler (OTCMKTS:MONRY) Sets New 1-Year Low – Time to Sell?

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

Analyst Upgrades and Downgrades

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

Moncler Stock Up 2.1%

The business’s fifty day moving average is $50.52 and its 200 day moving average is $58.05.

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.