Puma (OTCMKTS:PUMSY) Shares Gap Up – What’s Next?

Puma Se (OTCMKTS:PUMSY) gapped up before the market opened on Thursday. The stock had previously closed at $2.56, but opened at $2.6770. Puma shares last traded at $2.6820, with a volume of 7,873 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PUMSY. Citigroup reissued a “buy” rating on shares of Puma in a report on Monday, October 5th. Benchmark raised Puma to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Santander initiated coverage on Puma in a report on Friday, June 26th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Puma Stock Performance

The business has a 50 day moving average of $2.68 and a 200-day moving average of $2.90.

About Puma

PUMA SE is a German sporting goods company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Its product portfolio serves a range of sports and lifestyle categories, including football, running, training, basketball, golf and motorsport, while also encompassing fashion-oriented products that combine athletic design with everyday wear.

The company sells its products under the PUMA brand through a combination of wholesale partners, company-operated and franchised stores, and digital commerce channels.