Prada (OTCMKTS:PRDSY) Stock Price Up 1.6% – Here’s Why

Prada S.p.A. (OTCMKTS:PRDSY) traded up 1.6% on Tuesday . The stock traded as high as $16.16 and last traded at $16.16. 1,464 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 5,586 shares. The stock had previously closed at $15.91.

Analyst Upgrades and Downgrades

Separately, Bank of America raised shares of Prada from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th.

Prada Stock Performance

The firm has a 50 day simple moving average of $14.45 and a 200-day simple moving average of $14.51.

Prada Company Profile

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church’s, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.