Kering (OTCMKTS:PPRUY) Hits New 52-Week Low – Here’s What Happened

Kering SA (OTCMKTS:PPRUY)’s share price reached a new 52-week low during trading on Monday. The company traded as low as $23.21 and last traded at $23.25, with a volume of 19099 shares traded. The stock had previously closed at $23.73.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PPRUY shares. HSBC raised Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Kering in a research note on Wednesday, July 29th. Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Citigroup restated a “neutral” rating on shares of Kering in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kering has an average rating of “Hold”.

Kering Price Performance

The company’s 50-day simple moving average is $28.77 and its 200-day simple moving average is $28.96. 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 designs, develops and markets fashion, leather goods, jewelry, watches, eyewear and beauty products. Its portfolio includes internationally recognized brands such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Qeelin and Ginori 1735. Kering Eyewear develops and distributes eyewear for its own and other luxury brands.

The company traces its origins to 1963, when François Pinault founded a timber-trading business that later expanded into retail and was known as Pinault-Printemps-Redoute, or PPR.