Burberry Group (OTCMKTS:BURBY) Shares Gap Up – Here’s What Happened

Burberry Group PLC (OTCMKTS:BURBY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $14.30, but opened at $14.97. Burberry Group shares last traded at $15.03, with a volume of 952 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Burberry Group Stock Up 2.7%

The company has a fifty day moving average price of $15.13 and a two-hundred day moving average price of $15.51. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06.

About Burberry Group

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.