Compagnie Financiere Richemont (OTCMKTS:CFRUY) Stock Price Breaks Below Two Hundred Day Moving Average – Time to Sell?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $20.91 and traded as low as $19.99. Compagnie Financiere Richemont shares last traded at $20.26, with a volume of 809,580 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CFRUY shares. TD Cowen began coverage on shares of Compagnie Financiere Richemont in a report on Friday, October 30th. They issued a “strong-buy” rating on the stock. Royal Bank Of Canada lowered Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Compagnie Financiere Richemont Price Performance

The firm’s fifty day moving average is $20.81 and its two-hundred day moving average is $20.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.10 and a quick ratio of 2.06.

Institutional Inflows and Outflows

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

About Compagnie Financiere Richemont

Compagnie Financière Richemont is a Switzerland-based luxury goods group whose businesses design, manufacture and sell jewelry, watches, fashion and accessories. Its portfolio includes jewelry houses such as Cartier, Van Cleef & Arpels and Buccellati, as well as specialist watchmakers including IWC Schaffhausen, Jaeger-LeCoultre, Panerai and Vacheron Constantin. The group also includes fashion and accessories Maisons such as Alaïa and Chloé. Its products are sold internationally through boutiques, e-commerce and wholesale partners, serving customers across major luxury markets worldwide.