Kering (OTCMKTS:PPRUY) Reaches New 12-Month Low – Here’s Why

Shares of Kering SA (OTCMKTS:PPRUY) hit a new 52-week low during trading on Wednesday. The company traded as low as $19.53 and last traded at $19.6085, with a volume of 165,077 shares. The stock had previously closed at $19.89.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PPRUY shares. Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research report on Wednesday, August 12th. The Goldman Sachs Group assumed coverage on Kering in a research report on Sunday, October 4th. They issued a “neutral” rating for the company. Finally, Citigroup reissued a “neutral” rating on shares of Kering in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kering presently has a consensus rating of “Hold”.

Kering Price Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 2.05. The company’s 50-day moving average price is $25.60 and its 200-day moving average price is $29.10.

About Kering

Kering is a France-based global luxury goods group that develops, manages and distributes fashion, leather goods, jewelry, watches, eyewear and beauty products through a portfolio of luxury houses. Its brands serve customers through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels across major markets worldwide, including Europe, North America and Asia-Pacific.

The group’s principal houses include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735.