Puma (OTCMKTS:PUMSY) Trading Down 3.7% – Here’s Why

Puma Se (OTCMKTS:PUMSY)’s stock price was down 3.7% during trading on Tuesday . The company traded as low as $2.62 and last traded at $2.62. Approximately 25,704 shares traded hands during mid-day trading, an increase of 246% from the average daily volume of 7,425 shares. The stock had previously closed at $2.72.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PUMSY. Santander assumed coverage on shares of Puma in a research note on Friday, June 26th. They set a “neutral” rating for the company. Zacks Research raised shares of Puma to a “hold” rating in a research report on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Puma in a report on Thursday, August 27th. Finally, HSBC raised Puma to a “buy” rating in a research report on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Puma Price Performance

The business has a 50-day moving average of $3.04 and a 200 day moving average of $2.91.

About Puma

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.