Puma (OTCMKTS:PUMSY) Shares Gap Up – Here’s Why

Puma Se (OTCMKTS:PUMSY – Get Free Report) shares gapped up prior to trading on Thursday. The stock had previously closed at $2.56, but opened at $2.6770. Puma shares last traded at $2.6820, with a volume of 7,873 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Santander started coverage on Puma in a research report on Friday, June 26th. They issued a “neutral” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Puma in a research note on Monday, October 5th. Finally, Benchmark raised shares of Puma to a “hold” rating in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Puma has an average rating of “Hold”.

Check Out Our Latest Research Report on Puma

Puma Trading Up 3.5%

The company’s fifty day simple moving average is $2.69 and its 200-day simple moving average is $2.90.

About Puma

(Get Free Report)

PUMA SE is a German sporting goods company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Its product portfolio serves a range of sports and lifestyle categories, including football, running, training, basketball, golf and motorsport, while also encompassing fashion-oriented products that combine athletic design with everyday wear.

The company sells its products under the PUMA brand through a combination of wholesale partners, company-operated and franchised stores, and digital commerce channels.

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