Burberry Group (OTCMKTS:BURBY) Shares Gap Down - Here's What Happened

Key Points

• Burberry Group's shares gapped down from a previous close of $15.93 to an opening price of $15.46 prior to trading on Thursday, with a trading volume of 290 shares.
• Brokerages have recently upgraded Burberry's ratings, with UBS Group moving from "hold" to a "strong-buy," and the stock currently has a consensus rating of "Buy" among analysts.
• The company has a debt-to-equity ratio of 0.44, and it operates in segments including retail/wholesale and licensing for luxury goods.

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $15.93, but opened at $15.46. Burberry Group shares last traded at $15.46, with a volume of 290 shares traded.

Analysts Set New Price Targets

Separately, Barclays raised Burberry Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 27th. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Burberry Group currently has a consensus rating of "Buy".

Burberry Group Stock Performance

The stock has a 50 day moving average price of $16.70 and a two-hundred day moving average price of $13.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 0.88.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.