Puma (OTCMKTS:PUMSY) Stock Price Down 5.4% – What’s Next?

by · The Cerbat Gem

Puma Se (OTCMKTS:PUMSY – Get Free Report)’s stock price dropped 5.4% during trading on Monday . The company traded as low as $2.27 and last traded at $2.27. Approximately 55,209 shares traded hands during trading, a decline of 76% from the average daily volume of 225,690 shares. The stock had previously closed at $2.40.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group upgraded shares of Puma to a “neutral” rating in a research report on Monday, September 1st. Citigroup reaffirmed a “neutral” rating on shares of Puma in a report on Monday, October 6th. Sanford C. Bernstein assumed coverage on Puma in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, BNP Paribas upgraded Puma from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Puma presently has a consensus rating of “Hold”.

Check Out Our Latest Report on Puma

Puma Price Performance

The stock’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $2.32.

About Puma

(Get Free Report)

PUMA SE, together with its subsidiaries, engages in the development and sale of athletic footwear, apparel, and accessories in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company provides sports lifestyle products for football, handball, rugby, cricket, volleyball, track and field, motorsports, golf, and basketball.

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