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

by · The Markets Daily

Puma Se (OTCMKTS:PUMSY – Get Free Report) shares fell 3.7% during trading on Tuesday . The company traded as low as $2.62 and last traded at $2.62. 25,704 shares changed 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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PUMSY. Citigroup restated a “buy” rating on shares of Puma in a research report on Thursday, August 27th. HSBC upgraded Puma to a “buy” rating in a report on Tuesday, June 16th. Santander initiated coverage on shares of Puma in a report on Friday, June 26th. They issued a “neutral” rating for the company. Finally, Zacks Research upgraded shares of Puma to a “hold” rating in a research report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Puma presently has an average rating of “Moderate Buy”.

Get Our Latest Research Report on Puma

Puma Trading Down 3.7%

The company has a fifty day simple moving average of $3.04 and a 200 day simple moving average of $2.91.

Puma Company Profile

(Get Free Report)

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.

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