Brunello Cucinelli (OTCMKTS:BCUCY) Stock Jumps 5.9% – Still a Buy?

Shares of Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) traded up 5.9% during trading on Friday. The stock traded as high as $10.13 and last traded at $9.7850. 778 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 44,121 shares. The stock had previously closed at $9.24.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BCUCY. The Goldman Sachs Group assumed coverage on shares of Brunello Cucinelli in a research note on Sunday, October 4th. They issued a “hold” rating on the stock. 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Brunello Cucinelli in a research note on Monday, August 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Brunello Cucinelli in a report on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Stock Performance

The firm’s 50 day moving average is $9.50 and its 200 day moving average is $9.59.

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.