Kingfisher (OTCMKTS:KGFHY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Kingfisher plc (OTCMKTS:KGFHY) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.28 and traded as low as $5.96. Kingfisher shares last traded at $5.99, with a volume of 102,508 shares trading hands.

Analyst Ratings Changes

Separately, Barclays upgraded Kingfisher to a “hold” rating in a research note on Friday, September 27th.

Kingfisher Stock Performance

The company has a quick ratio of 0.30, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $6.28 and its 200-day simple moving average is $7.13.

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.