Kering (OTCMKTS:PPRUY) Stock Passes Below Fifty Day Moving Average – Here’s Why

Kering SA (OTCMKTS:PPRUY)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $34.97 and traded as low as $32.76. Kering shares last traded at $32.77, with a volume of 133,845 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on PPRUY shares. Sanford C. Bernstein lowered Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Berenberg Bank reaffirmed a “sell” rating on shares of Kering in a research report on Thursday, October 16th. Citigroup reiterated a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. HSBC cut shares of Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, Hsbc Global Res downgraded shares of Kering from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Kering has an average rating of “Hold”.

Kering Stock Up 0.6%

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.87 and a current ratio of 1.32. The company has a 50 day moving average price of $34.97 and a 200 day moving average price of $31.62.

Kering Company Profile

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.