Brunello Cucinelli (OTCMKTS:BCUCY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw unusually-high trading volume on Wednesday. Approximately 145,383 shares changed hands during trading, an increase of 232% from the average daily volume of 43,744 shares. The stock last traded at $9.6515 and had previously closed at $9.7715.

Analysts Set New Price Targets

BCUCY has been the topic of a number of research reports. Royal Bank Of Canada upgraded Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 5th. The Goldman Sachs Group initiated coverage on Brunello Cucinelli in a research report on Sunday, October 4th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Brunello Cucinelli in a research note on Monday, August 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Brunello Cucinelli in a research report on Tuesday, October 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Stock Down 1.4%

The company has a 50 day moving average price of $9.27 and a 200-day moving average price of $9.50.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion company known for its cashmere and high-end clothing. The company designs, manufactures and distributes apparel, accessories and lifestyle products for women and men, with collections that emphasize premium materials, understated style and Italian craftsmanship. Founded in 1978 by Brunello Cucinelli, the company began with colored cashmere products and developed into a global luxury brand. Its products are sold through directly operated boutiques, digital channels and a network of selected wholesale partners in major markets across Europe, North America, Asia and other international regions.