Koninklijke Philips (NYSE:PHG) Shares Gap Down – Time to Sell?

Koninklijke Philips (NYSE:PHG) shares gapped down prior to trading on Monday . The stock had previously closed at $31.67, but opened at $26.19. Koninklijke Philips shares last traded at $26.33, with a volume of 1,458,827 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Koninklijke Philips Trading Down 16.6 %

The stock’s fifty day moving average price is $31.10 and its 200 day moving average price is $27.79. The stock has a market cap of $24.83 billion, a P/E ratio of -27.43, a PEG ratio of 1.05 and a beta of 0.74. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. The business had revenue of $4.80 billion for the quarter. Equities research analysts expect that Koninklijke Philips will post 1.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Koninklijke Philips during the first quarter valued at approximately $40,000. Fairscale Capital LLC bought a new position in shares of Koninklijke Philips during the 2nd quarter valued at approximately $54,000. CWM LLC raised its stake in Koninklijke Philips by 21.9% during the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after acquiring an additional 616 shares during the period. Eastern Bank purchased a new position in Koninklijke Philips during the third quarter valued at approximately $88,000. Finally, Headlands Technologies LLC bought a new position in shares of Koninklijke Philips in the first quarter worth approximately $91,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.