Benchmark Upgrades Puma (OTCMKTS:PUMSY) to Hold

Puma (OTCMKTS:PUMSY) was upgraded by equities research analysts at Benchmark to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other research analysts have also issued reports on the stock. Zacks Research upgraded shares of Puma to a “hold” rating in a research report on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Puma in a research report on Thursday, August 27th. Santander assumed coverage on Puma in a research note on Friday, June 26th. They issued a “neutral” rating for the company. Finally, HSBC raised shares of Puma to a “buy” rating in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Puma Stock Down 3.9%

Shares of PUMSY opened at $2.46 on Tuesday. Puma has a 1-year low of $1.71 and a 1-year high of $3.46. The firm’s 50 day simple moving average is $2.90 and its 200 day simple moving average is $2.90.

About Puma

Puma SE is a German sporting-goods company that designs, develops, markets and distributes athletic and lifestyle products under the PUMA brand. Its offerings include performance and casual footwear, apparel and accessories for sports such as football, running, basketball, training and motorsport, as well as products aimed at everyday fashion consumers.

Founded in 1948 by Rudolf Dassler, Puma is headquartered in Herzogenaurach, Germany. The company sells its products internationally through wholesale partners, branded retail stores and e-commerce channels, serving customers across Europe, the Americas, Asia-Pacific and other global markets.

Puma also builds its brand through partnerships with athletes, sports teams, leagues and entertainment figures.