Burberry Group (OTCMKTS:BURBY) Trading Down 6.2% - Here's What Happened

Key Points

• Burberry Group PLC's stock price fell by 6.2% during trading, reaching a low of $16.10 before closing at $16.26, significantly lower than its previous close of $17.34.
• Recent analyst ratings reflect a mixed sentiment with one strong sell, five strong buy, and one buy rating, resulting in an average rating of "Buy".
• The company has a debt-to-equity ratio of 0.44 and its stock is currently trading below its 50-day simple moving average of $16.85.

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) shares dropped 6.2% on Tuesday . The company traded as low as $16.10 and last traded at $16.26. Approximately 6,513 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 79,167 shares. The stock had previously closed at $17.34.

Wall Street Analysts Forecast Growth

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

Burberry Group Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $16.74 and a 200 day simple moving average of $13.69.

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.