Kering (OTCMKTS:PPRUY) Shares Gap Down – Here’s Why

Shares of Kering SA (OTCMKTS:PPRUY) gapped down prior to trading on Friday . The stock had previously closed at $28.49, but opened at $26.9950. Kering shares last traded at $27.00, with a volume of 3,634 shares.

Analyst Ratings Changes

PPRUY has been the subject of several research analyst reports. Zacks Research lowered Kering from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. TD Cowen reissued a “buy” rating on shares of Kering in a report on Thursday, April 9th. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, HSBC downgraded Kering from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kering currently has an average rating of “Hold”.

Kering Stock Performance

The company’s 50 day moving average price is $29.04 and its two-hundred day moving average price is $30.34. 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.