Koninklijke Philips (NYSE:PHG) Shares Gap Down - Should You Sell?

Koninklijke Philips (NYSE:PHG - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $31.67, but opened at $26.19. Koninklijke Philips shares last traded at $26.33, with a volume of 1,458,827 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

Koninklijke Philips Trading Down 15.9 %

The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $31.10 and a 200-day simple moving average of $27.79.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced its earnings results on Monday, July 29th. The technology company reported $0.32 earnings per share for the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. The business had revenue of $4.80 billion during the quarter. On average, research analysts predict that Koninklijke Philips will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Koninklijke Philips

A number of large investors have recently added to or reduced their stakes in PHG. Kitching Partners LLC raised its holdings in shares of Koninklijke Philips by 3.4% during the second quarter. Kitching Partners LLC now owns 10,802 shares of the technology company's stock valued at $272,000 after acquiring an additional 356 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in Koninklijke Philips by 6.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 6,590 shares of the technology company's stock valued at $166,000 after purchasing an additional 381 shares during the last quarter. Riverwater Partners LLC lifted its holdings in Koninklijke Philips by 3.4% in the 2nd quarter. Riverwater Partners LLC now owns 16,201 shares of the technology company's stock valued at $408,000 after purchasing an additional 534 shares in the last quarter. Holderness Investments Co. boosted its stake in Koninklijke Philips by 3.4% during the 2nd quarter. Holderness Investments Co. now owns 16,807 shares of the technology company's stock worth $424,000 after purchasing an additional 546 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Koninklijke Philips by 7.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company's stock worth $204,000 after buying an additional 550 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.