Compagnie Financiere Richemont (OTCMKTS:CFRUY) Hits New 52-Week High – Still a Buy?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) reached a new 52-week high on Monday . The company traded as high as $21.69 and last traded at $21.65, with a volume of 66202 shares changing hands. The stock had previously closed at $21.20.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised shares of 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Compagnie Financiere Richemont Price Performance

The company’s 50-day moving average price is $19.89 and its 200 day moving average price is $18.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 1.98.

Compagnie Financiere Richemont Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 19th were paid a $0.1714 dividend. This represents a dividend yield of 90.0%. The ex-dividend date was Thursday, September 18th.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.