Kering (OTCMKTS:PPRUY) Sets New 52-Week Low – Should You Sell?

Kering SA (OTCMKTS:PPRUY) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $25.30 and last traded at $25.37, with a volume of 29593 shares. The stock had previously closed at $25.94.

Wall Street Analysts Forecast Growth

PPRUY has been the subject of a number of recent research reports. Citigroup reiterated a “neutral” rating on shares of Kering in a research report on Monday, August 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kering in a report on Wednesday, August 12th. HSBC upgraded Kering from a “hold” rating to a “buy” rating in a report on Wednesday, July 29th. Finally, Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Kering Stock Down 2.6%

The company’s 50-day moving average is $29.26 and its 200-day moving average is $29.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

Kering Company Profile

Kering is a France-based global luxury-goods group that designs, develops and markets fashion, leather goods, jewelry, watches, eyewear and beauty products. Its portfolio includes internationally recognized brands such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Qeelin and Ginori 1735. Kering Eyewear develops and distributes eyewear for its own and other luxury brands.

The company traces its origins to 1963, when François Pinault founded a timber-trading business that later expanded into retail and was known as Pinault-Printemps-Redoute, or PPR.