Kingfisher (OTCMKTS:KGFHY) Shares Gap Down – Here’s Why

Shares of Kingfisher PLC (OTCMKTS:KGFHY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.26, but opened at $8.81. Kingfisher shares last traded at $8.78, with a volume of 11,237 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KGFHY. Investec cut Kingfisher to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Kingfisher from a “sell” rating to a “hold” rating in a research note on Thursday, September 17th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

View Our Latest Report on Kingfisher

Kingfisher Trading Down 3.6%

The stock has a fifty day simple moving average of $8.40 and a 200 day simple moving average of $8.01. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02.

Kingfisher Company Profile

(Get Free Report)

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. The company sells do-it-yourself, home renovation, and trade products through a portfolio of retail banners, serving consumers and professional customers with merchandise such as building materials, hardware, tools, paint, garden supplies, kitchens, bathrooms, and related services.

Its principal brands include B&Q and Screwfix in the United Kingdom and Ireland, as well as Castorama and Brico Dépôt in France.

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