Kering (OTCMKTS:PPRUY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Kering SA experienced a notable increase in trading volume with approximately 339,354 shares traded, marking a 15% rise from the previous session.
• Analysts have mixed ratings on Kering, with two analysts rating it as Strong Buy and three giving it a Hold rating, while Barclays maintains an Underweight rating.
• The stock is currently priced at $36.83, having increased from a previous close of $36.09, indicating a positive market reception.

Kering SA (OTCMKTS:PPRUY - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 339,354 shares were traded during mid-day trading, an increase of 15% from the previous session's volume of 295,807 shares.The stock last traded at $36.83 and had previously closed at $36.09.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PPRUY. Morgan Stanley upgraded shares of Kering from an "equal weight" rating to an "overweight" rating in a research note on Monday. HSBC upgraded shares of Kering to a "buy" rating in a research note on Tuesday, September 2nd. Barclays reiterated an "underweight" rating on shares of Kering in a research note on Tuesday. Finally, Hsbc Global Res upgraded shares of Kering to a "strong-buy" rating in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold".

Kering Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The company's 50 day moving average price is $28.77 and its 200-day moving average price is $23.60.

Kering Company Profile

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.

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