Prada (OTCMKTS:PRDSY) Cut to “Neutral” at UBS Group

UBS Group lowered shares of Prada (OTCMKTS:PRDSY) from a buy rating to a neutral rating in a report released on Friday.

Prada Price Performance

OTCMKTS:PRDSY opened at $11.85 on Friday. The business has a fifty day simple moving average of $11.92 and a two-hundred day simple moving average of $12.02. Prada has a 1 year low of $10.12 and a 1 year high of $18.00.

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.