Brunello Cucinelli (OTCMKTS:BCUCY) Sees Unusually-High Trading Volume – Time to Buy?

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw an uptick in trading volume on Tuesday. 61,107 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 43,648 shares. The stock last traded at $8.8375 and had previously closed at $8.98.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group began coverage on Brunello Cucinelli in a report on Sunday, October 4th. They set a “hold” rating for the company. Royal Bank Of Canada upgraded shares of Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed 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 note on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Price Performance

The stock has a 50-day moving average price of $9.58 and a two-hundred day moving average price of $9.57.

Brunello Cucinelli Company Profile

Brunello Cucinelli S.p.A. is an Italian luxury fashion company specializing in high-end apparel and accessories. The company is particularly known for its cashmere products, as well as collections of clothing, footwear, handbags, leather goods and other lifestyle items for men and women.

Brunello Cucinelli founded the company in 1978, initially focusing on colored cashmere. The business is headquartered in Solomeo, Italy, a village closely associated with the company’s manufacturing, design and corporate activities.