Compagnie Financiere Richemont (OTCMKTS:CFRUY) Sees Strong Trading Volume – Here’s Why

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) shares saw unusually-high trading volume on Friday . Approximately 572,804 shares traded hands during trading, an increase of 29% from the previous session’s volume of 444,945 shares.The stock last traded at $19.41 and had previously closed at $19.33.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded Compagnie Financiere Richemont to a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Compagnie Financiere Richemont Stock Performance

The business has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $19.39. The company has a current ratio of 2.82, a quick ratio of 1.87 and a debt-to-equity ratio of 0.20.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.