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 $30.29, but opened at $29.33. Kering shares last traded at $29.31, with a volume of 19,100 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PPRUY. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada restated a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Barclays raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kering in a report on Wednesday, August 12th. Finally, HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kering Stock Up 1.4%

The company has a 50 day moving average of $30.11 and a two-hundred day moving average of $29.97. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66.

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.