Burberry Group (OTCMKTS:BURBY) Sets New 1-Year Low – Here’s Why

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

Wall Street Analysts Forecast Growth

Separately, HSBC cut Burberry Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Burberry Group Stock Down 2.1%

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 business has a 50-day moving average price of $14.79 and a two-hundred day moving average price of $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.