Kingfisher (OTCMKTS:KGFHY) Shares Gap Down – Here’s Why

Kingfisher PLC (OTCMKTS:KGFHY – Get Free Report)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $9.26, but opened at $8.81. Kingfisher shares last traded at $8.78, with a volume of 11,237 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KGFHY. Investec lowered Kingfisher to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised Kingfisher from a “sell” rating to a “hold” rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Research Report on KGFHY

Kingfisher Trading Up 0.7%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.27 and a current ratio of 1.21. The firm has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $8.01.

About Kingfisher

(Get Free Report)

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. The company sells do-it-yourself, home renovation, and trade products through a portfolio of retail banners, serving consumers and professional customers with merchandise such as building materials, hardware, tools, paint, garden supplies, kitchens, bathrooms, and related services.

Its principal brands include B&Q and Screwfix in the United Kingdom and Ireland, as well as Castorama and Brico Dépôt in France.

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