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

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) gapped down before the market opened on Wednesday . The stock had previously closed at $22.8550, but opened at $21.83. Compagnie Financiere Richemont shares last traded at $21.8040, with a volume of 3,486 shares trading hands.

Compagnie Financiere Richemont Price Performance

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 company has a 50-day moving average price of $23.43 and a 200 day moving average price of $21.07.

Institutional Investors Weigh In On Compagnie Financiere Richemont

A hedge fund recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC acquired a new position in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.