Kering (OTCMKTS:PPRUY) Shares Gap Down – Time to Sell?
by Renee Jackson · The Cerbat GemKering SA (OTCMKTS:PPRUY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $31.50, but opened at $30.18. Kering shares last traded at $30.08, with a volume of 5,080 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Zacks Research cut Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, March 19th. Morgan Stanley reissued an “overweight” rating on shares of Kering in a report on Friday, February 6th. Citigroup reissued a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. Sanford C. Bernstein raised Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, TD Cowen reissued a “buy” rating on shares of Kering in a report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Kering currently has an average rating of “Reduce”.
Read Our Latest Stock Report on Kering
Kering Stock Performance
The business has a fifty day moving average of $30.95 and a 200-day moving average of $33.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.
About Kering
Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.
Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.