Burberry Group (OTCMKTS:BURBY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Burberry Group plc (OTCMKTS:BURBY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.18 and traded as low as $9.80. Burberry Group shares last traded at $10.04, with a volume of 37,710 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Burberry Group to a “strong-buy” rating in a research note on Tuesday, March 11th. Kepler Capital Markets upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Burberry Group Stock Performance

The firm’s 50 day moving average price is $13.18 and its 200-day moving average price is $11.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.77.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.