Kering (OTCMKTS:PPRUY) Reaches New 1-Year Low – Time to Sell?

Kering SA (OTCMKTS:PPRUY) hit a new 52-week low during trading on Wednesday. The company traded as low as $19.53 and last traded at $19.6085, with a volume of 165,077 shares changing hands. The stock had previously closed at $19.89.

Analyst Ratings Changes

A number of research firms have issued reports on PPRUY. The Goldman Sachs Group began coverage on shares of Kering in a research report on Sunday, October 4th. They set a “neutral” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Kering in a report on Monday, August 17th. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Finally, HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Kering Trading Down 1.3%

The firm has a fifty day moving average of $26.01 and a 200 day moving average of $29.27. The company has a current ratio of 2.05, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65.

About Kering

Kering is a France-based global luxury goods group that develops, manages and distributes fashion, leather goods, jewelry, watches, eyewear and beauty products through a portfolio of luxury houses. Its brands serve customers through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels across major markets worldwide, including Europe, North America and Asia-Pacific.

The group’s principal houses include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735.