Prada S.p.A. (OTCMKTS:PRDSY – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.73 and traded as low as $9.9001. Prada shares last traded at $9.99, with a volume of 7,001 shares changing hands.
Analyst Ratings Changes
PRDSY has been the topic of several recent analyst reports. UBS Group cut Prada from a “buy” rating to a “neutral” rating in a research report on Friday, November 28th. Barclays assumed coverage on Prada in a report on Tuesday, January 13th. They issued an “overweight” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Prada currently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on PRDSY
Prada Stock Down 0.5%
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.
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