Compagnie Financiere Richemont (OTCMKTS:CFRUY) Sees Unusually-High Trading Volume – What’s Next?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) saw unusually-strong trading volume on Friday . Approximately 572,804 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 444,945 shares.The stock last traded at $19.41 and had previously closed at $19.33.

Analyst Upgrades and Downgrades

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

Compagnie Financiere Richemont Trading Down 0.2%

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 1.87. The business’s fifty day simple moving average is $21.03 and its 200 day simple moving average is $19.38.

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.