Kering (OTCMKTS:PPRUY) Shares Up 15.3% – Here’s What Happened

Shares of Kering SA (OTCMKTS:PPRUY) shot up 15.3% on Tuesday . The stock traded as high as $31.82 and last traded at $31.19. 69,164 shares were traded during trading, a decline of 71% from the average session volume of 234,683 shares. The stock had previously closed at $27.06.

Analysts Set New Price Targets

PPRUY has been the topic of a number of research reports. Barclays upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Kering in a report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Kering in a research report on Thursday, April 9th. HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Research downgraded Kering from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Kering Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $29.19 and a 200-day simple moving average of $30.16.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.