Compagnie Financiere Richemont (OTCMKTS:CFRUY) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY – Get Free Report)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $21.84 and traded as low as $21.1090. Compagnie Financiere Richemont shares last traded at $21.31, with a volume of 368,803 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered shares of Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Compagnie Financiere Richemont currently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on Compagnie Financiere Richemont

Compagnie Financiere Richemont Stock Down 1.4%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 3.10. The company’s 50 day moving average is $21.73 and its 200 day moving average is $21.64.

Institutional Trading of Compagnie Financiere Richemont

An institutional investor 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 filing with the SEC. The fund acquired 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

(Get Free Report)

Compagnie Financière Richemont SA is a Switzerland-based luxury goods group headquartered in Geneva. Founded in 1988 by Johann Rupert, the company develops, manufactures and distributes high-end products through a portfolio of internationally recognized maisons.

Its Jewellery Maisons include Cartier, Van Cleef & Arpels, Buccellati and Piaget. Richemont also operates specialist watchmakers such as Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, Panerai and A. Lange & Söhne.

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