Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Given Average Recommendation of “Buy” by Analysts

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) has received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

MONRY has been the subject of several recent analyst reports. HSBC restated a “buy” rating on shares of Moncler in a research note on Wednesday. Morgan Stanley initiated coverage on Moncler in a report on Tuesday, June 23rd. They issued an “equal weight” rating for the company. Finally, Citigroup restated a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th.

Moncler Trading Down 1.8%

MONRY stock traded down $0.94 on Wednesday, reaching $52.16. 78,831 shares of the company were exchanged, compared to its average volume of 44,430. Moncler has a 12 month low of $52.07 and a 12 month high of $71.41. The stock’s fifty day moving average price is $56.27 and its 200 day moving average price is $60.23.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.