Kering (OTCMKTS:PPRUY) Reaches New 52-Week Low – Should You Sell?

Kering SA (OTCMKTS:PPRUY) shares reached a new 52-week low during trading on Monday . The stock traded as low as $26.05 and last traded at $26.08, with a volume of 1935 shares traded. The stock had previously closed at $26.67.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PPRUY. Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Kering in a research report on Monday, August 17th. HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kering Trading Down 2.1%

The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $29.55 and a two-hundred day moving average of $29.33.

About Kering

Kering is a France-based global luxury goods group that develops and manages premium brands across fashion, leather goods, jewelry, watches, eyewear and beauty. Its portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735. Kering Eyewear designs, manufactures and distributes prescription frames and sunglasses for its own and other luxury brands.

The group serves customers internationally through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels.