Kering (OTCMKTS:PPRUY) Sets New 1-Year Low – Here’s What Happened

Kering SA (OTCMKTS:PPRUY)’s stock price hit a new 52-week low on Thursday. The company traded as low as $22.82 and last traded at $22.82, with a volume of 493,658 shares. The stock had previously closed at $24.75.

Analyst Ratings Changes

PPRUY has been the topic of several research reports. Citigroup reaffirmed a “neutral” rating on shares of Kering in a research report on Monday, August 17th. HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Kering in a report on Sunday, October 4th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kering Stock Down 12.6%

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.05 and a quick ratio of 1.57. The firm’s 50 day simple moving average is $26.79 and its two-hundred day simple moving average is $28.57.

Kering Company Profile

Kering is a France-based global luxury goods group that develops, manages and distributes fashion, leather goods, jewelry, watches, eyewear and beauty products through a portfolio of luxury houses. Its brands serve customers through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels across major markets worldwide, including Europe, North America and Asia-Pacific.

The group’s principal houses include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735.