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

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) gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BURBY. UBS Group upgraded Burberry Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 15th. Barclays upgraded Burberry Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Five investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Burberry Group Trading Down 1.9%

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a 50-day simple moving average of $16.81 and a two-hundred day simple moving average of $13.66.

About Burberry Group

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.

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