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

Shares of Kingfisher PLC (OTCMKTS:KGFHY) gapped down before the market opened on Wednesday. The stock had previously closed at $10.31, but opened at $9.87. Kingfisher shares last traded at $9.87, with a volume of 207 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KGFHY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kingfisher in a research note on Friday, October 2nd. Investec downgraded Kingfisher to a “hold” rating in a research report on Thursday, September 24th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kingfisher Trading Down 2.6%

The company has a quick ratio of 0.28, a current ratio of 1.23 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average price is $8.89 and its two-hundred day moving average price is $8.43.

About Kingfisher

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. It serves consumers and trade professionals through a range of retail brands, including B&Q, Screwfix, Castorama and Brico Dépôt. The company sells products and services for DIY projects, home renovation and maintenance. Its offerings include building materials, tools, paint, kitchens, bathrooms, flooring and garden products, with sales through stores and online channels. Kingfisher operates primarily in the UK and other European markets.