|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||65.60 - 66.10|
|52 Week Range||36.62 - 71.10|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||21.53|
|Forward Dividend & Yield||1.01 (1.53%)|
|Ex-Dividend Date||Jun 26, 2020|
|1y Target Est||N/A|
Kering's star brand lagged behind sector peers, with sales remaining in negative territory.
Moody's Investors Service ("Moody's") has today affirmed Puma Energy Holdings Pte. Ltd's ("Puma" or "Puma Energy") B1 corporate family rating (CFR) and downgraded the probability of default to B1-PD from Ba3-PD. Moody's also downgraded to B1 from Ba3 the backed senior unsecured notes issued by Puma International Financing S.A. and guaranteed by Puma.
Shares in Puma <PUMG.DE> fell 3.5% on Tuesday after French luxury group Kering <PRTP.PA> said it had completed the sale of a 5.9% stake in the German sportswear company for approximately 656 million euros ($772 million). Kering has increasingly focused on its high-margin luxury brands like Gucci, Saint Laurent and Balenciaga in recent years, spinning off 70% of Puma to its shareholders in 2018. Puma struggled after it was bought by Kering for 5.3 billion euros in 2007, but it has enjoyed a revival in the last few years, helped by sponsorships of top soccer teams and partnerships with celebrities like Rihanna and Selena Gomez.