Compagnie Financiere Richemont (OTCMKTS:CFRUY) Share Price Passes Below 50-Day Moving Average – Here’s Why

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.89 and traded as low as $19.86. Compagnie Financiere Richemont shares last traded at $20.08, with a volume of 593,700 shares trading hands.

Analyst Ratings Changes

Separately, HSBC raised shares of Compagnie Financiere Richemont to a “strong-buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Compagnie Financiere Richemont presently has an average rating of “Strong Buy”.

Compagnie Financiere Richemont Stock Performance

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 firm’s 50-day moving average price is $20.89 and its 200-day moving average price is $19.45.

Compagnie Financiere Richemont Company Profile

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.