Kingfisher (OTCMKTS:KGFHY) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Kingfisher plc (OTCMKTS:KGFHY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.08 and traded as low as $6.19. Kingfisher shares last traded at $6.23, with a volume of 112,522 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on KGFHY. Barclays raised Kingfisher to a “hold” rating in a report on Friday, September 27th. UBS Group upgraded shares of Kingfisher from a “strong sell” rating to a “hold” rating in a research note on Monday, September 23rd.

Kingfisher Price Performance

The firm has a 50 day simple moving average of $7.00 and a two-hundred day simple moving average of $7.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.26.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.