Kering (OTCMKTS:PPRUY) Shares Gap Up - Time to Buy?

Key Points

• Kering's share price rose from $24.68 to $25.50, with the latest trading price at $25.48, indicating a strong market movement.
• Analysts maintain a mixed outlook on Kering, with three sell ratings, five holds, and one strong buy, leading to an average rating of "Hold".
• The company recently increased its dividend from $0.21 to $0.3048 per share, resulting in a yield of 2.11% for investors.
• Kering has a debt-to-equity ratio of 0.67, demonstrating reasonable financial leverage while maintaining liquidity with a current ratio of 1.11.

Kering SA (OTCMKTS:PPRUY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $24.68, but opened at $25.50. Kering shares last traded at $25.48, with a volume of 6,076 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Kering in a research note on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Kering presently has an average rating of "Hold".

Kering Stock Up 3.6%

The stock has a 50 day simple moving average of $21.43 and a 200-day simple moving average of $22.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 1.11.

Kering Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were paid a dividend of $0.3048 per share. The ex-dividend date was Friday, May 2nd. This is an increase from Kering's previous dividend of $0.21. This represents a dividend yield of 2.11%.

About Kering

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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