Burberry Group (OTCMKTS:BURBY) Trading Down 6.2% – Here’s What Happened

Burberry Group PLC (OTCMKTS:BURBY)’s share price dropped 6.2% during trading on Friday . The stock traded as low as $13.99 and last traded at $14.03. 1,608 shares were traded during trading, a decline of 97% from the average session volume of 57,628 shares. The stock had previously closed at $14.95.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Burberry Group to a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Burberry Group Stock Down 5.0%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80. The firm’s 50-day moving average is $15.09 and its 200-day moving average is $15.50.

About Burberry Group

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.