Kering (OTCMKTS:PPRUY) Sees Large Volume Increase – Still a Buy?

Kering SA (OTCMKTS:PPRUY) shares saw unusually-high trading volume on Monday . Approximately 637,549 shares traded hands during mid-day trading, an increase of 282% from the previous session’s volume of 166,719 shares.The stock last traded at $28.6930 and had previously closed at $28.29.

Analyst Ratings Changes

PPRUY has been the topic of several analyst reports. HSBC lowered shares of Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. TD Cowen restated a “buy” rating on shares of Kering in a report on Thursday, April 9th. Sanford C. Bernstein upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, DZ Bank upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Kering Trading Down 1.2%

The company’s fifty day simple moving average is $29.07 and its two-hundred day simple moving average is $31.60. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

About Kering

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.