Burberry Group (OTCMKTS:BURBY) Sets New 52-Week Low – What’s Next?

Burberry Group PLC (OTCMKTS:BURBY) hit a new 52-week low on Tuesday . The stock traded as low as $13.21 and last traded at $13.26, with a volume of 48702 shares changing hands. The stock had previously closed at $13.50.

Analysts Set New Price Targets

Separately, HSBC lowered Burberry Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Burberry Group currently has an average rating of “Moderate Buy”.

Burberry Group Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $14.79 and its two-hundred day moving average is $14.96.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly the Burberry trench coat, and for its distinctive check pattern. Burberry designs, develops and sells luxury apparel, accessories and leather goods, along with footwear, scarves and other fashion products.

Burberry distributes its products through directly operated stores, its e-commerce platform and selected wholesale partners. The company also offers fragrances and beauty products through licensing and commercial partnerships.