Moncler (OTCMKTS:MONRY) Reaches New 1-Year Low – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Moncler Stock Down 0.4%

The company has a fifty day moving average of $50.81 and a 200-day moving average of $58.20.

About Moncler

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.