Howden Joinery (OTCMKTS:HWDJY) Shares Gap Up – Time to Buy?

Shares of Howden Joinery (OTCMKTS:HWDJY) gapped up prior to trading on Monday. The stock had previously closed at $40.3645, but opened at $44.50. Howden Joinery shares last traded at $44.50, with a volume of 200 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Howden Joinery from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Howden Joinery Stock Performance

The company’s 50 day moving average is $40.44 and its 200-day moving average is $42.45.

About Howden Joinery

Howden Joinery Group plc is a United Kingdom-based specialist supplier of fitted kitchens and joinery products. Operating primarily through a trade-only model, the company sells to professional tradespeople, including builders, kitchen installers and property developers, who in turn supply and install products for residential customers.

The company’s product range includes kitchen cabinets, worktops, sinks, taps, appliances, flooring, doors, hardware and related joinery products. Howdens operates a network of local depots designed to provide trade customers with product availability, design support and delivery services.

Howdens was established in 1995 and has expanded beyond its core United Kingdom market into selected European countries, including France and Belgium.