Burberry Group (OTCMKTS:BURBY) Hits New 52-Week Low – What’s Next?

Burberry Group PLC (OTCMKTS:BURBY)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $13.21 and last traded at $13.26, with a volume of 48702 shares. The stock had previously closed at $13.50.

Analyst Upgrades and Downgrades

Separately, HSBC lowered Burberry Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Burberry Group Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80. The business’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $14.93.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly the Burberry trench coat, and for its distinctive check pattern. Burberry designs, develops and sells luxury apparel, accessories and leather goods, along with footwear, scarves and other fashion products.

Burberry distributes its products through directly operated stores, its e-commerce platform and selected wholesale partners. The company also offers fragrances and beauty products through licensing and commercial partnerships.