Compagnie Financiere Richemont AG (OTCMKTS:CFRUY – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $21.27, but opened at $19.70. Compagnie Financiere Richemont shares last traded at $19.68, with a volume of 29,572 shares trading hands.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada cut Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Read Our Latest Stock Analysis on Compagnie Financiere Richemont
Compagnie Financiere Richemont Stock Down 6.6%
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 firm has a 50 day moving average of $21.73 and a two-hundred day moving average of $21.64.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC bought a new position in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.
About Compagnie Financiere Richemont
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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