Prada (OTCMKTS:PRDSY) Cut to Neutral at UBS Group

Prada (OTCMKTS:PRDSY) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Friday.

Prada Stock Performance

OTCMKTS PRDSY opened at $11.88 on Friday. The stock’s 50 day simple moving average is $11.93 and its 200 day simple moving average is $12.05. Prada has a one year low of $10.12 and a one year high of $18.00.

Prada Company Profile

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church’s, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.