Kingfisher (OTCMKTS:KGFHY) Sees Strong Trading Volume – Here’s Why

Shares of Kingfisher PLC (OTCMKTS:KGFHY) saw an uptick in trading volume on Friday . 253,234 shares changed hands during mid-day trading, an increase of 159% from the previous session’s volume of 97,604 shares.The stock last traded at $9.61 and had previously closed at $9.72.

Wall Street Analysts Forecast Growth

KGFHY has been the topic of a number of recent analyst reports. Barclays restated an “underweight” rating on shares of Kingfisher in a research report on Tuesday, December 9th. UBS Group reissued a “neutral” rating on shares of Kingfisher in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Kingfisher Stock Performance

The stock’s 50-day moving average is $8.88 and its 200-day moving average is $8.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.28.

About Kingfisher

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.