Burberry Group (OTCMKTS:BURBY) Shares Gap Down – Here’s What Happened

Burberry Group PLC (OTCMKTS:BURBY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $14.95, but opened at $14.04. Burberry Group shares last traded at $13.96, with a volume of 2,639 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded Burberry Group to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Burberry Group Stock Performance

The company’s fifty day moving average is $14.98 and its two-hundred day moving average is $15.43. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06.

About Burberry Group

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.