Kingfisher (LON:KGF) Shares Cross Above 200 Day Moving Average – Should You Sell?

Kingfisher plc (LON:KGF)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 264.64 ($3.52) and traded as high as GBX 270 ($3.59). Kingfisher shares last traded at GBX 268.40 ($3.57), with a volume of 3,308,306 shares changing hands.

Kingfisher Stock Up 1.1 %

The firm’s 50-day moving average is GBX 254.90 and its two-hundred day moving average is GBX 264.64. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The stock has a market cap of £4.74 billion, a P/E ratio of 14.30, a PEG ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF) last released its earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) earnings per share for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. On average, equities research analysts anticipate that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be issued a dividend of GBX 19.72 ($0.26) per share. This represents a yield of 3.44%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a positive change from Kingfisher’s previous dividend of $3.80. Kingfisher’s payout ratio is currently 63.94%.

About Kingfisher

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.