Shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY – Get Free Report) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $20.88 and traded as high as $21.31. Compagnie Financiere Richemont shares last traded at $21.21, with a volume of 446,547 shares trading hands.
Analyst Ratings Changes
Several equities analysts recently commented on the company. TD Cowen assumed coverage on Compagnie Financiere Richemont in a research report on Friday, October 30th. They set a “strong-buy” rating on the stock. Royal Bank Of Canada cut Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
View Our Latest Research Report on Compagnie Financiere Richemont
Compagnie Financiere Richemont Trading Up 5.6%
The company has a current ratio of 3.10, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $21.17 and its 200-day moving average is $20.88.
Institutional Investors Weigh In On Compagnie Financiere Richemont
An institutional investor recently bought a new position in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC bought a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.
About Compagnie Financiere Richemont
Compagnie Financière Richemont SA is a Switzerland-based luxury goods group headquartered in Geneva. Founded in 1988 by Johann Rupert, the company develops, manufactures and distributes high-end products through a portfolio of internationally recognized maisons.
Its Jewellery Maisons include Cartier, Van Cleef & Arpels, Buccellati and Piaget. Richemont also operates specialist watchmakers such as Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, Panerai and A. Lange & Söhne.
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