Burberry Group (OTCMKTS:BURBY) Hits New 12-Month Low – Should You Sell?

Burberry Group PLC (OTCMKTS:BURBY) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $13.13 and last traded at $13.1750, with a volume of 1063 shares. The stock had previously closed at $13.4350.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada downgraded shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. HSBC downgraded Burberry Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Burberry Group Trading Up 2.1%

The business has a 50-day moving average price of $14.49 and a two-hundred day moving average price of $14.84. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly its trench coats, and for its distinctive check pattern and equestrian knight logo.

Burberry designs, manufactures, and sells luxury apparel, leather goods, accessories, footwear, and beauty products. Its offerings include coats and jackets, handbags, scarves, eyewear, jewelry, and fashion collections for women, men, and children. The company distributes its products through directly operated stores, digital commerce channels, and selected wholesale partners.

Headquartered in London, Burberry serves customers internationally through a network spanning Europe, the Americas, Asia-Pacific, and other global markets.