Barclays Begins Coverage on Prada (OTCMKTS:PRDSY)

Research analysts at Barclays began coverage on shares of Prada (OTCMKTS:PRDSY) in a note issued to investors on Tuesday. The brokerage set an “overweight” rating on the stock.

Separately, UBS Group downgraded shares of Prada from a “buy” rating to a “neutral” rating in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Prada currently has an average rating of “Moderate Buy”.

Prada Stock Performance

Shares of OTCMKTS PRDSY traded up $0.05 during trading on Tuesday, hitting $11.03. The stock had a trading volume of 3,077 shares, compared to its average volume of 15,115. The firm has a fifty day moving average of $11.64 and a two-hundred day moving average of $11.72. Prada has a 12 month low of $10.12 and a 12 month high of $18.00.

About Prada

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.