Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Here’s Why

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.15, but opened at $9.8501. Berkeley Group shares last traded at $9.87, with a volume of 820 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKGFY. The Goldman Sachs Group started coverage on Berkeley Group in a research report on Monday. They set a “sell” rating for the company. Zacks Research downgraded Berkeley Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Berkeley Group Stock Performance

The stock has a 50-day moving average price of $10.44 and a 200-day moving average price of $10.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 3.36.

Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.