Burberry Group (OTCMKTS:BURBY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Burberry Group plc (OTCMKTS:BURBY) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.18 and traded as low as $9.80. Burberry Group shares last traded at $10.04, with a volume of 37,710 shares.

Analyst Upgrades and Downgrades

BURBY has been the topic of a number of recent research reports. BNP Paribas raised Burberry Group to a “strong-buy” rating in a report on Tuesday, March 11th. Kepler Capital Markets raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Burberry Group Stock Down 6.9 %

The firm has a 50 day moving average price of $12.97 and a 200 day moving average price of $11.48. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.33.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.