Moncler (OTCMKTS:MONRY) Stock Bumped Down to “Strong Sell” by Zacks Research

Moncler (OTCMKTS:MONRY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other analysts have also recently commented on MONRY. HSBC reiterated a “buy” rating on shares of Moncler in a research report on Wednesday, September 9th. Royal Bank Of Canada restated a “sector perform” rating on shares of Moncler in a research report on Tuesday, September 22nd. The Goldman Sachs Group began coverage on Moncler in a research report on Sunday, October 4th. They issued a “buy” rating on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Moncler Stock Up 0.4%

Shares of MONRY stock opened at $47.28 on Tuesday. The firm’s 50 day moving average price is $50.81 and its two-hundred day moving average price 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.