Kering (OTCMKTS:PPRUY) Shares Gap Down - Here's What Happened

Kering SA (OTCMKTS:PPRUY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $24.12, but opened at $23.31. Kering shares last traded at $23.22, with a volume of 5,841 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Kering in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Kering Trading Down 3.9%

The firm's fifty day moving average price is $20.85 and its two-hundred day moving average price is $22.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.11 and a quick ratio of 0.69.

Kering Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 5th were issued a $0.3048 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 2.11%. This is a boost from Kering's previous dividend of $0.21.

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.