Moncler (OTCMKTS:MONRY) Shares Gap Up – Time to Buy?

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $47.03, but opened at $49.94. Moncler shares last traded at $49.94, with a volume of 483 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on MONRY. Zacks Research downgraded shares of Moncler from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 27th. Citigroup restated a “buy” rating on shares of Moncler in a report on Wednesday, August 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Moncler in a research report on Tuesday, September 22nd. HSBC reiterated a “buy” rating on shares of Moncler in a research note on Wednesday, September 9th. Finally, The Goldman Sachs Group initiated coverage on Moncler in a report on Sunday, October 4th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Moncler Trading Up 0.8%

The stock’s 50-day moving average is $50.29 and its two-hundred day moving average is $57.93.

About Moncler

Moncler S.p.A. is an Italian luxury apparel company best known for premium down jackets and outerwear. Its products include jackets, coats, knitwear, clothing, footwear and accessories designed for both alpine environments and urban lifestyles. The company serves customers through directly operated stores, e-commerce platforms and selected wholesale partners.

Moncler was founded in 1952 in Monestier-de-Clermont, France, by René Ramillon and initially produced mountain equipment, including sleeping bags, tents and quilted clothing.