Burberry Group (OTCMKTS:BURBY) Stock Price Up 7.3% – Still a Buy?

Shares of Burberry Group PLC (OTCMKTS:BURBY) shot up 7.3% during trading on Tuesday . The company traded as high as $15.40 and last traded at $15.32. Approximately 29,390 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 57,522 shares. The stock had previously closed at $14.28.

Analyst Upgrades and Downgrades

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

Burberry Group Stock Up 8.0%

The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $14.91 and its two-hundred day simple moving average is $15.33.

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.