Burberry Group (OTCMKTS:BURBY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Burberry Group plc (OTCMKTS:BURBY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

Analysts Set New Price Targets

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

Burberry Group Stock Up 3.0 %

The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $13.18 and a 200-day moving average price of $11.49.

About Burberry Group

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.