Kering (OTCMKTS:PPRUY) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Kering SA (OTCMKTS:PPRUY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.43 and traded as low as $19.45. Kering shares last traded at $19.96, with a volume of 320,955 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research report on Thursday, April 24th. Kepler Capital Markets upgraded Kering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Kering Stock Performance

The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $20.43 and its two-hundred day moving average is $23.57.

Kering Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 5th will be given a dividend of $0.3048 per share. This represents a dividend yield of 2.11%. This is an increase from Kering’s previous dividend of $0.21. The ex-dividend date of this dividend is Friday, May 2nd.

About Kering

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.