Compagnie Financiere Richemont (OTCMKTS:CFRUY) Stock Passes Below 50 Day Moving Average – Here’s Why

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.89 and traded as low as $19.86. Compagnie Financiere Richemont shares last traded at $20.08, with a volume of 593,700 shares changing hands.

Analysts Set New Price Targets

Separately, HSBC raised shares of Compagnie Financiere Richemont to a “strong-buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Compagnie Financiere Richemont Trading Up 1.2%

The company has a quick ratio of 1.87, a current ratio of 2.82 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $20.89 and a 200 day moving average of $19.44.

About Compagnie Financiere Richemont

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.