Burberry Group (OTCMKTS:BURBY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Burberry Group PLC (OTCMKTS:BURBY)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.75 and traded as low as $15.48. Burberry Group shares last traded at $15.88, with a volume of 36,309 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Five research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Burberry Group Trading Up 0.1%

The business’s 50-day moving average is $16.75 and its two-hundred day moving average is $16.31.

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.