Kering (OTCMKTS:PPRUY) Trading 4% Higher - Here's Why

Key Points

• Kering SA's stock increased by 4% on Monday, trading up to $37.91, despite a 55% decline in trading volume compared to its average.
• Investment analysts have mixed ratings for Kering, with two "Strong Buy" ratings, two "Buy", two "Hold", and three "Sell" ratings, leading to an average rating of "Hold".
• The company's financial metrics include a debt-to-equity ratio of 0.69 and a current ratio of 1.32, indicating a stable financial position.

Kering SA (OTCMKTS:PPRUY - Get Free Report) was up 4% on Monday . The company traded as high as $37.91 and last traded at $37.82. Approximately 85,356 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 191,299 shares. The stock had previously closed at $36.38.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PPRUY. Barclays reaffirmed an "underweight" rating on shares of Kering in a research note on Tuesday, October 7th. Hsbc Global Res upgraded shares of Kering to a "strong-buy" rating in a research report on Tuesday, September 2nd. Morgan Stanley upgraded Kering from an "equal weight" rating to an "overweight" rating in a research report on Monday, October 6th. Berenberg Bank restated a "sell" rating on shares of Kering in a report on Thursday. Finally, HSBC raised Kering to a "buy" rating in a research report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Kering Trading Up 4.0%

The firm has a 50-day simple moving average of $30.39 and a two-hundred day simple moving average of $24.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87.

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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