Moncler (OTCMKTS:MONRY) Shares Gap Up – Time to Buy?

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) gapped up prior to trading on Monday. The stock had previously closed at $47.03, but opened at $49.94. Moncler shares last traded at $49.94, with a volume of 483 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MONRY. The Goldman Sachs Group began coverage on Moncler in a report on Sunday, October 4th. They set a “buy” rating on the stock. Zacks Research lowered Moncler from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Moncler in a research report on Tuesday, September 22nd. HSBC reaffirmed a “buy” rating on shares of Moncler in a report on Wednesday, September 9th. Finally, Citigroup restated a “buy” rating on shares of Moncler in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Moncler currently has an average rating of “Moderate Buy”.

Moncler Trading Up 4.5%

The firm’s fifty day moving average price is $50.52 and its two-hundred day moving average price is $58.05.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury apparel company best known for premium down jackets and outerwear. Its products include jackets, coats, knitwear, clothing, footwear and accessories designed for both alpine environments and urban lifestyles. The company serves customers through directly operated stores, e-commerce platforms and selected wholesale partners.

Moncler was founded in 1952 in Monestier-de-Clermont, France, by René Ramillon and initially produced mountain equipment, including sleeping bags, tents and quilted clothing.