Burberry Group (OTCMKTS:BURBY) Shares Gap Up – Here’s Why

Shares of Burberry Group PLC (OTCMKTS:BURBY) gapped up prior to trading on Monday . The stock had previously closed at $13.78, but opened at $14.54. Burberry Group shares last traded at $14.54, with a volume of 301 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Burberry Group to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Burberry Group has a consensus rating of “Buy”.

Burberry Group Stock Up 7.8%

The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $14.91 and a two-hundred day simple moving average of $15.31.

Burberry Group Company Profile

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.