Compagnie Financiere Richemont (OTCMKTS:CFRUY) Shares Gap Down – Time to Sell?

Shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) gapped down prior to trading on Thursday. The stock had previously closed at $21.18, but opened at $20.02. Compagnie Financiere Richemont shares last traded at $20.7105, with a volume of 20,025 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Compagnie Financiere Richemont presently has a consensus rating of “Buy”.

Compagnie Financiere Richemont Stock Performance

The firm’s fifty day moving average is $22.71 and its 200-day moving average is $21.24. The company has a current ratio of 3.10, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods group that owns and manages a portfolio of prestigious maisons. Its businesses primarily serve the jewelry, watches, fashion and accessories, and writing instruments markets, with products sold through company-operated boutiques, e-commerce channels, and selected wholesale partners.

The group’s maisons include Cartier and Van Cleef & Arpels in jewelry; Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, Piaget, Panerai, A.