Compagnie Financiere Richemont (OTCMKTS:CFRUY – Get Free Report) was downgraded by research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.
Compagnie Financiere Richemont Stock Down 0.5%
Shares of CFRUY opened at $20.58 on Tuesday. The company has a current ratio of 3.10, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19. Compagnie Financiere Richemont has a 52 week low of $16.26 and a 52 week high of $24.86. The stock has a fifty day moving average of $23.02 and a 200-day moving average of $21.15.
Institutional Trading of Compagnie Financiere Richemont
A hedge fund recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC acquired a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 501,500 shares of the company’s stock, valued at approximately $11,598,000.
Compagnie Financiere Richemont Company Profile
Compagnie Financière Richemont SA is a Switzerland-based luxury goods company with a portfolio spanning jewelry, watches, fashion, accessories and writing instruments. The group operates through a collection of internationally recognized Maisons, including Cartier, Van Cleef & Arpels, Buccellati, Montblanc, Chloé, Alaïa, Delvaux and Dunhill.
Richemont’s specialist watchmakers include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.
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