Kering (OTCMKTS:PPRUY) Shares Gap Up – Still a Buy?

Kering SA (OTCMKTS:PPRUY) gapped up prior to trading on Monday . The stock had previously closed at $26.71, but opened at $28.38. Kering shares last traded at $28.3960, with a volume of 9,896 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PPRUY shares. DZ Bank raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Citigroup reissued a “neutral” rating on shares of Kering in a research report on Tuesday, January 13th. Morgan Stanley restated an “overweight” rating on shares of Kering in a report on Friday, February 6th. Sanford C. Bernstein raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Zacks Research lowered shares of Kering from a “hold” rating to a “strong sell” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Kering currently has a consensus rating of “Reduce”.

Kering Stock Up 8.0%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $31.83 and a two-hundred day simple moving average of $33.59.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.