Kingfisher (OTCMKTS:KGFHY) Sees Strong Trading Volume – Here’s Why

Shares of Kingfisher PLC (OTCMKTS:KGFHY) saw strong trading volume on Tuesday . 990,884 shares changed hands during trading, an increase of 1,555% from the previous session’s volume of 59,871 shares.The stock last traded at $9.1250 and had previously closed at $8.84.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating on shares of Kingfisher in a research note on Wednesday, December 10th. Royal Bank Of Canada upgraded Kingfisher from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 24th. Barclays restated an “underweight” rating on shares of Kingfisher in a report on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft cut Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Kingfisher Stock Performance

The company has a current ratio of 1.28, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $8.40 and its 200-day moving average price is $7.84.

Kingfisher Company Profile

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.