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

Kering SA (OTCMKTS:PPRUY)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $22.82 and last traded at $22.82, with a volume of 493,658 shares traded. The stock had previously closed at $24.75.

Wall Street Analyst Weigh In

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

Kering Trading Down 12.6%

The company has a quick ratio of 1.57, a current ratio of 2.05 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $26.79 and its two-hundred day moving average is $28.57.

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.