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

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) 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 trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BCUCY. The Goldman Sachs Group started coverage on shares of Brunello Cucinelli in a report on Sunday, October 4th. They set a “hold” rating for the company. Royal Bank Of Canada raised shares of Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Brunello Cucinelli in a report on Monday, August 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Brunello Cucinelli in a research 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 company. Based on data from MarketBeat, Brunello Cucinelli currently has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Price Performance

The stock has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $9.59.

Brunello Cucinelli Company Profile

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.