Burberry Group (OTCMKTS:BURBY) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Burberry Group PLC (OTCMKTS:BURBY) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.82 and traded as low as $14.61. Burberry Group shares last traded at $14.65, with a volume of 19,948 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Burberry Group to a “hold” rating in a research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Burberry Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09. The stock’s 50 day simple moving average is $14.82 and its two-hundred day simple moving average is $15.12.

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.