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

Kingfisher logo with Retail/Wholesale background

Kingfisher plc (OTCMKTS:KGFHY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.95 and traded as low as $7.90. Kingfisher shares last traded at $7.94, with a volume of 46,995 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup raised Kingfisher to a "hold" rating in a report on Wednesday, August 28th. Barclays upgraded Kingfisher to a "hold" rating in a report on Friday, September 27th. Finally, UBS Group upgraded shares of Kingfisher from a "strong sell" rating to a "hold" rating in a research report on Monday, September 23rd.

Get Our Latest Research Report on KGFHY

Kingfisher Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.30. The company has a 50-day moving average price of $7.96 and a 200-day moving average price of $7.09.

Kingfisher Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.088 per share. The ex-dividend date is Friday, October 11th.

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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