Moncler (OTCMKTS:MONRY) Trading Down 0.8% – Here’s Why

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY)’s stock price fell 0.8% during trading on Friday . The stock traded as low as $66.25 and last traded at $66.39. 39,948 shares were traded during mid-day trading, an increase of 256% from the average session volume of 11,213 shares. The stock had previously closed at $66.91.

Wall Street Analyst Weigh In

MONRY has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Moncler from a “neutral” rating to an “overweight” rating in a report on Friday, November 28th. Barclays upgraded Moncler from a “hold” rating to an “overweight” rating in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Moncler Trading Down 0.8%

The business’s fifty day moving average is $64.45 and its 200 day moving average is $60.15.

About Moncler

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.