Kering (OTCMKTS:PPRUY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Kering (OTCMKTS:PPRUY) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages have also recently commented on PPRUY. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. TD Cowen restated a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Finally, HSBC cut shares of Kering from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Kering presently has an average rating of “Hold”.

Kering Stock Performance

Shares of PPRUY stock opened at $28.92 on Tuesday. Kering has a fifty-two week low of $22.17 and a fifty-two week high of $40.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39. The stock’s fifty day moving average is $29.04 and its two-hundred day moving average is $30.58.

Kering Company Profile

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.