Kering (OTCMKTS:PPRUY) Hits New 52-Week Low – Time to Sell?

Kering SA (OTCMKTS:PPRUY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $23.93 and last traded at $24.00, with a volume of 456097 shares. The stock had previously closed at $25.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PPRUY. Barclays reiterated an “underweight” rating on shares of Kering in a research report on Monday, September 9th. The Goldman Sachs Group lowered Kering from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 1st. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. Finally, UBS Group cut shares of Kering from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Kering has an average rating of “Hold”.

Kering Stock Up 0.6 %

The business has a 50 day simple moving average of $26.92 and a 200-day simple moving average of $32.18.

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.