Compagnie Financiere Richemont (OTCMKTS:CFRUY) Hits New 52-Week High – Here’s What Happened

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $21.81 and last traded at $21.49, with a volume of 197255 shares traded. The stock had previously closed at $21.54.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded Compagnie Financiere Richemont to a “strong-buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Compagnie Financiere Richemont Trading Down 0.2%

The stock has a 50 day moving average price of $20.61 and a 200 day moving average price of $18.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.98 and a current ratio of 2.90.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.