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

Kering SA (OTCMKTS:PPRUY) gapped down before the market opened on Friday . The stock had previously closed at $28.49, but opened at $26.9950. Kering shares last traded at $27.00, with a volume of 3,634 shares trading hands.

Wall Street Analysts Forecast Growth

PPRUY has been the topic of a number of recent research reports. Zacks Research downgraded Kering from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Barclays upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. HSBC downgraded Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, TD Cowen restated a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Kering Price Performance

The business’s fifty day simple moving average is $29.04 and its two-hundred day simple moving average is $30.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92.

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.