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Kingfisher (OTCMKTS:KGFHY) Stock Passes Below Fifty Day Moving Average - Here's Why

Kingfisher logo with Retail/Wholesale background

Kingfisher plc (OTCMKTS:KGFHY - Get Free Report) crossed 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KGFHY shares. Barclays raised shares of Kingfisher to a "hold" rating in a research report on Friday, September 27th. UBS Group raised Kingfisher from a "strong sell" rating to a "hold" rating in a report on Monday, September 23rd.

Read Our Latest Stock Analysis on Kingfisher

Kingfisher Stock Down 1.0 %

The business's fifty day simple moving average is $7.04 and its two-hundred day simple moving average is $7.20. The company has a quick ratio of 0.30, a current ratio of 1.26 and a debt-to-equity ratio of 0.01.

About Kingfisher

(Get Free Report)

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.

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