Kingfisher (OTCMKTS:KGFHY) Shares Gap Down – Here’s Why

Kingfisher PLC (OTCMKTS:KGFHY) gapped down before the market opened on Friday . The stock had previously closed at $9.2060, but opened at $8.70. Kingfisher shares last traded at $8.80, with a volume of 87,007 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KGFHY. UBS Group restated a “neutral” rating on shares of Kingfisher in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft downgraded Kingfisher from a “hold” rating to a “sell” rating in a research note on Wednesday, December 10th. Finally, Barclays reiterated an “underweight” rating on shares of Kingfisher in a research report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Kingfisher Stock Performance

The stock has a 50-day moving average price of $9.14 and a two-hundred day moving average price of $8.24. 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.