Burberry Group (OTCMKTS:BURBY) Shares Gap Down – Here’s What Happened

Burberry Group PLC (OTCMKTS:BURBY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $15.75, but opened at $15.19. Burberry Group shares last traded at $15.20, with a volume of 1,257 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Burberry Group Stock Down 3.7%

The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average is $14.97 and its 200 day moving average is $15.21.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.