Brunello Cucinelli (OTCMKTS:BCUCY) Shares Gap Up – Here’s What Happened

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $8.69, but opened at $9.17. Brunello Cucinelli shares last traded at $9.17, with a volume of 4,841 shares traded.

Analyst Upgrades and Downgrades

BCUCY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Brunello Cucinelli in a research report on Monday, August 3rd. Citigroup reiterated a “buy” rating on shares of Brunello Cucinelli in a report on Thursday, September 17th. Royal Bank Of Canada raised shares of Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Brunello Cucinelli in a research report on Sunday, October 4th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Brunello Cucinelli has an average rating of “Moderate Buy”.

Brunello Cucinelli Trading Up 0.2%

The business has a 50-day moving average price of $9.55 and a 200-day moving average price of $9.57.

About Brunello Cucinelli

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.