Puma (OTCMKTS:PMMAF) Stock Passes Above 50 Day Moving Average – Here’s Why

Puma Se (OTCMKTS:PMMAFGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.60 and traded as high as $25.5875. Puma shares last traded at $25.5875, with a volume of 104 shares.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein initiated coverage on shares of Puma in a report on Thursday, September 11th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Puma has an average rating of “Buy”.

Read Our Latest Report on Puma

Puma Stock Performance

The stock has a 50-day simple moving average of $22.61 and a 200 day simple moving average of $23.87.

About Puma

(Get Free Report)

Puma AG is a Germany-based multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Since its founding in 1948 by Rudolf Dassler in Herzogenaurach, Germany, the company has grown into one of the world’s leading sports brands. Puma’s product portfolio spans performance-driven footwear for football, running, motorsport and training, as well as lifestyle sneakers, sportswear and accessories. The company operates through wholesale, retail and e-commerce channels, targeting athletes, sports enthusiasts and fashion-conscious consumers.

With a global presence, Puma serves customers in Europe, the Americas, Asia-Pacific and Africa.

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