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

Shares of Burberry Group PLC (OTCMKTS:BURBYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $16.18, but opened at $15.52. Burberry Group shares last traded at $15.40, with a volume of 18,341 shares traded.

Burberry Group Trading Down 6.5%

The firm’s fifty day simple moving average is $16.06 and its two-hundred day simple moving average is $15.48. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.44.

About Burberry Group

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Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.

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