Kingfisher (OTCMKTS:KGFHY) Shares Gap Up – Here’s What Happened

Kingfisher PLC (OTCMKTS:KGFHY) gapped up prior to trading on Friday. The stock had previously closed at $8.76, but opened at $9.24. Kingfisher shares last traded at $9.27, with a volume of 2,061 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kingfisher in a report on Friday, October 2nd. Investec lowered Kingfisher to a “hold” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Kingfisher presently has a consensus rating of “Hold”.

Kingfisher Price Performance

The company’s fifty day moving average is $8.58 and its two-hundred day moving average is $8.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.23 and a quick ratio of 0.27.

About Kingfisher

Kingfisher plc is a multinational home improvement retailer headquartered in the United Kingdom. The company sells products for home renovation, maintenance, repair, and do-it-yourself projects, including building materials, hardware, tools, decorating supplies, kitchens, bathrooms, garden products, and related services. Its retail operations serve both household customers and professional tradespeople through stores and digital channels.

Kingfisher operates several well-known retail banners, including B&Q and Screwfix in the United Kingdom and Ireland, Castorama in France and Poland, and Brico Dépôt in France, Poland, and Romania.