Burberry Group (OTCMKTS:BURBY) Shares Gap Down – Time to Sell?

Burberry Group PLC (OTCMKTS:BURBY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $15.75, but opened at $15.19. Burberry Group shares last traded at $15.20, with a volume of 1,257 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Burberry Group has a consensus rating of “Buy”.

Burberry Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80. The firm’s fifty day simple moving average is $14.96 and its 200 day simple moving average is $15.19.

Burberry Group Company Profile

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.