Brunello Cucinelli (OTCMKTS:BCUCY) Sees Large Volume Increase – Still a Buy?

Shares of Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw strong trading volume on Wednesday. 145,383 shares were traded during trading, an increase of 232% from the average daily volume of 43,744 shares. The stock last traded at $9.6515 and had previously closed at $9.7715.

Analyst Ratings Changes

BCUCY has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of Brunello Cucinelli in a report on Tuesday, October 20th. Deutsche Bank reaffirmed a “buy” rating on shares of Brunello Cucinelli in a research note on Monday, August 3rd. The Goldman Sachs Group assumed coverage on shares of Brunello Cucinelli in a report on Sunday, October 4th. They issued a “hold” rating for the company. Finally, 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Brunello Cucinelli has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Stock Down 3.2%

The company has a 50 day simple moving average of $9.26 and a 200-day simple moving average of $9.50.

Brunello Cucinelli Company Profile

Brunello Cucinelli S.p.A. is an Italian luxury fashion company known for its cashmere and high-end clothing. The company designs, manufactures and distributes apparel, accessories and lifestyle products for women and men, with collections that emphasize premium materials, understated style and Italian craftsmanship. Founded in 1978 by Brunello Cucinelli, the company began with colored cashmere products and developed into a global luxury brand. Its products are sold through directly operated boutiques, digital channels and a network of selected wholesale partners in major markets across Europe, North America, Asia and other international regions.