Brunello Cucinelli (OTCMKTS:BCUCY) Shares Gap Up – Should You Buy?

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) shares gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BCUCY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Brunello Cucinelli in a research report on Monday, August 3rd. The Goldman Sachs Group initiated coverage on Brunello Cucinelli in a research note on Sunday, October 4th. They issued a “hold” rating for the company. Royal Bank Of Canada raised Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 5th. Finally, Citigroup reiterated a “buy” rating on shares of Brunello Cucinelli in a research note on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Brunello Cucinelli Trading Up 0.2%

The stock’s fifty day moving average is $9.55 and its 200-day moving average is $9.57.

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.