Compagnie Financiere Richemont (OTCMKTS:CFRUY) Shares Gap Down – Here’s What Happened

Shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) gapped down prior to trading on Thursday. The stock had previously closed at $21.18, but opened at $20.02. Compagnie Financiere Richemont shares last traded at $20.7105, with a volume of 20,025 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada cut shares of 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 given a Hold rating to the company. According to MarketBeat, Compagnie Financiere Richemont currently has a consensus rating of “Buy”.

Compagnie Financiere Richemont Trading Down 2.5%

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.10 and a quick ratio of 2.06. The stock has a 50-day moving average of $22.71 and a 200 day moving average of $21.24.

Institutional Trading of Compagnie Financiere Richemont

A hedge fund recently bought a new position in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC acquired a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods group that owns and manages a portfolio of prestigious maisons. Its businesses primarily serve the jewelry, watches, fashion and accessories, and writing instruments markets, with products sold through company-operated boutiques, e-commerce channels, and selected wholesale partners.

The group’s maisons include Cartier and Van Cleef & Arpels in jewelry; Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, Piaget, Panerai, A.