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

Kering SA (OTCMKTS:PPRUY) gapped up prior to trading on Friday . The stock had previously closed at $20.45, but opened at $21.30. Kering shares last traded at $21.08, with a volume of 13,750 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kering in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kering has an average rating of “Hold”.

Kering Stock Performance

The stock’s fifty day moving average is $20.18 and its two-hundred day moving average is $22.84. The company has a current ratio of 1.11, a quick ratio of 0.69 and a debt-to-equity ratio of 0.67.

Kering Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were issued a dividend of $0.3048 per share. This represents a yield of 2.11%. This is an increase from Kering’s previous dividend of $0.21. The ex-dividend date of this dividend was Friday, May 2nd.

Kering Company Profile

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.