Burberry Group (OTCMKTS:BURBY) Trading Down 6.2% – Should You Sell?

Burberry Group PLC (OTCMKTS:BURBY)’s stock price was down 6.2% during trading on Friday . The stock traded as low as $13.99 and last traded at $14.03. Approximately 1,608 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 57,628 shares. The stock had previously closed at $14.95.

Analyst Ratings Changes

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

Burberry Group Stock Down 5.6%

The company’s fifty day simple moving average is $15.04 and its two-hundred day simple moving average is $15.49. The company has a current ratio of 1.09, a quick ratio of 0.80 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.