Compagnie Financiere Richemont (OTCMKTS:CFRUY) Shares Gap Down – Should You Sell?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) shares gapped down prior to trading on Friday . The stock had previously closed at $21.35, but opened at $20.5001. Compagnie Financiere Richemont shares last traded at $20.4550, with a volume of 7,166 shares traded.

Compagnie Financiere Richemont Trading Down 1.7%

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.10 and a quick ratio of 2.06. The business has a 50-day simple moving average of $23.21 and a two-hundred day simple moving average of $21.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC acquired a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods company with a portfolio spanning jewelry, watches, fashion, accessories and writing instruments. The group operates through a collection of internationally recognized Maisons, including Cartier, Van Cleef & Arpels, Buccellati, Montblanc, Chloé, Alaïa, Delvaux and Dunhill.

Richemont’s specialist watchmakers include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.