Kering (OTCMKTS:PPRUY) Sets New 12-Month Low – What’s Next?

Kering SA (OTCMKTS:PPRUY)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $26.05 and last traded at $26.08, with a volume of 1935 shares changing hands. The stock had previously closed at $26.67.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PPRUY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Citigroup reissued a “neutral” rating on shares of Kering in a research report on Monday, August 17th. Finally, HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kering currently has a consensus rating of “Hold”.

Kering Stock Performance

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 fifty day moving average of $29.50 and a two-hundred day moving average of $29.28.

Kering Company Profile

Kering is a France-based global luxury goods group that develops and manages premium brands across fashion, leather goods, jewelry, watches, eyewear and beauty. Its portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735. Kering Eyewear designs, manufactures and distributes prescription frames and sunglasses for its own and other luxury brands.

The group serves customers internationally through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels.