Kering (OTCMKTS:PPRUY) Stock Passes Below 50-Day Moving Average – Should You Sell?

Kering SA (OTCMKTS:PPRUYGet Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $29.03 and traded as low as $27.67. Kering shares last traded at $28.8374, with a volume of 133,702 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PPRUY shares. TD Cowen restated a “buy” rating on shares of Kering in a report on Thursday, April 9th. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Sanford C. Bernstein upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Morgan Stanley restated an “overweight” rating on shares of Kering in a report on Friday, February 6th. Finally, DZ Bank raised Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

View Our Latest Report on Kering

Kering Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92. The company’s fifty day moving average is $29.03 and its 200-day moving average is $32.27.

Kering Company Profile

(Get Free Report)

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.

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