Kering (OTCMKTS:PPRUY) Sets New 1-Year Low – Time to Sell?

Kering SA (OTCMKTS:PPRUY) shares reached a new 52-week low during trading on Tuesday. The company traded as low as $25.30 and last traded at $25.37, with a volume of 29593 shares changing hands. The stock had previously closed at $25.94.

Analyst Upgrades and Downgrades

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

Kering Trading Down 2.6%

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 firm’s fifty day moving average price is $29.26 and its 200 day moving average price is $29.15.

Kering Company Profile

Kering is a France-based global luxury-goods group that designs, develops and markets fashion, leather goods, jewelry, watches, eyewear and beauty products. Its portfolio includes internationally recognized brands such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Qeelin and Ginori 1735. Kering Eyewear develops and distributes eyewear for its own and other luxury brands.

The company traces its origins to 1963, when François Pinault founded a timber-trading business that later expanded into retail and was known as Pinault-Printemps-Redoute, or PPR.