Burberry Group (OTCMKTS:BURBY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Burberry Group plc (OTCMKTS:BURBY)’s stock price 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 changing hands.

Wall Street Analyst Weigh In

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

Burberry Group Trading Down 6.9 %

The company’s 50 day simple moving average is $12.97 and its 200-day simple moving average is $11.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.77 and a current ratio of 1.29.

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.