Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.31 and traded as low as $12.69. Reckitt Benckiser Group shares last traded at $12.87, with a volume of 476,332 shares.

Wall Street Analysts Forecast Growth

RBGLY has been the topic of a number of research reports. Zacks Research lowered shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Morgan Stanley raised shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Finally, Kepler Capital Markets upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Reckitt Benckiser Group has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. The business has a 50-day simple moving average of $13.50 and a 200-day simple moving average of $15.31.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc is a multinational consumer goods company that develops, manufactures and markets health, hygiene and home products. Its portfolio spans over-the-counter medicines and health products, personal and sexual wellness, surface and laundry cleaning, and household care. The company owns a number of well-known global brands across these categories, including Lysol and Dettol in disinfectants and hygiene, Durex in sexual wellness, Nurofen in analgesics, and Finish in dishwashing products.

The firm has its corporate headquarters in the United Kingdom and sells products in markets around the world, serving consumers across North America, Europe, Asia, Latin America, the Middle East and Africa.