Moncler (OTCMKTS:MONRY) Hits New 1-Year Low – Here’s What Happened

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) shares reached a new 52-week low during trading on Monday. The stock traded as low as $47.46 and last traded at $47.75, with a volume of 2,049 shares. The stock had previously closed at $49.5193.

Analyst Ratings Changes

MONRY has been the topic of several recent research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Moncler in a report on Tuesday, September 22nd. Citigroup restated a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th. The Goldman Sachs Group began coverage on Moncler in a research note on Sunday, October 4th. They set a “buy” rating for the company. HSBC restated a “buy” rating on shares of Moncler in a research note on Wednesday, September 9th. Finally, Morgan Stanley began coverage on Moncler in a report on Tuesday, June 23rd. They issued an “equal weight” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Moncler has an average rating of “Moderate Buy”.

Moncler Stock Down 0.7%

The company has a fifty day moving average price of $51.68 and a two-hundred day moving average price of $57.41.

Moncler Company Profile

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.