Moncler (OTCMKTS:MONRY) Rating Lowered to Strong Sell at Zacks Research

Moncler (OTCMKTS:MONRY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

Several other brokerages have also recently weighed in on MONRY. HSBC reiterated a “buy” rating on shares of Moncler in a research note on Wednesday, September 9th. Citigroup reaffirmed 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 report on Tuesday, September 22nd. Finally, The Goldman Sachs Group assumed coverage on shares of Moncler in a research note on Sunday, October 4th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Moncler currently has an average rating of “Moderate Buy”.

Moncler Price Performance

Shares of OTCMKTS:MONRY opened at $47.28 on Tuesday. The stock’s 50-day simple moving average is $50.81 and its two-hundred day simple moving average is $58.20. Moncler has a 52-week low of $46.77 and a 52-week high of $71.41.

About Moncler

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.