Kering (OTCMKTS:PPRUY) Shares Gap Down – Here’s What Happened

Shares of Kering SA (OTCMKTS:PPRUY) gapped down prior to trading on Tuesday . The stock had previously closed at $29.90, but opened at $27.87. Kering shares last traded at $28.1750, with a volume of 41,499 shares.

Wall Street Analyst Weigh In

Several research firms have commented on PPRUY. Barclays raised shares of Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. HSBC lowered Kering from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. TD Cowen reaffirmed a “buy” rating on shares of Kering in a research note on Thursday, April 9th. Finally, Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Kering Price Performance

The business’s 50 day simple moving average is $28.97 and its 200 day simple moving average is $31.23. The company has a quick ratio of 0.92, a current ratio of 1.39 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.