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

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley started coverage on shares of Moncler in a research note on Tuesday, June 23rd. They set an “equal weight” rating on the stock. Citigroup restated a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th. The Goldman Sachs Group assumed coverage on Moncler in a report on Sunday, October 4th. They set a “buy” rating on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Moncler in a research report on Tuesday, September 22nd. Finally, HSBC reiterated a “buy” rating on shares of Moncler in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Moncler Stock Down 0.4%

The business’s 50 day simple moving average is $52.13 and its 200 day simple moving average is $57.60.

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.