Kingfisher (OTCMKTS:KGFHY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Kingfisher plc (OTCMKTS:KGFHY) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.08 and traded as low as $6.19. Kingfisher shares last traded at $6.23, with a volume of 112,522 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KGFHY shares. UBS Group upgraded Kingfisher from a “strong sell” rating to a “hold” rating in a report on Monday, September 23rd. Barclays upgraded Kingfisher to a “hold” rating in a research note on Friday, September 27th.

Kingfisher Price Performance

The firm’s 50-day simple moving average is $7.08 and its 200-day simple moving average is $7.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.30.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.