Kering (OTCMKTS:PPRUY) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Kering SA (OTCMKTS:PPRUY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $26.36 and traded as low as $23.17. Kering shares last traded at $23.37, with a volume of 1,509,645 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Kepler Capital Markets upgraded Kering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kering presently has an average rating of “Hold”.

Kering Price Performance

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.38. The company has a 50 day moving average price of $26.35 and a two-hundred day moving average price of $25.43.

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.