Kering (OTCMKTS:PPRUY) Hits New 52-Week Low – Time to Sell?

Kering SA (OTCMKTS:PPRUY)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $21.69 and last traded at $21.84, with a volume of 515983 shares traded. The stock had previously closed at $22.68.

Analyst Ratings Changes

PPRUY has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. Citigroup cut Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group cut shares of Kering from a “neutral” rating to a “sell” rating in a report on Tuesday, October 1st. Berenberg Bank upgraded Kering to a “hold” rating in a report on Wednesday, October 30th. Finally, Barclays reaffirmed an “underweight” rating on shares of Kering in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, Kering presently has a consensus rating of “Hold”.

Kering Stock Performance

The business’s 50-day moving average price is $25.14 and its 200-day moving average price is $29.90.

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.