Kingfisher (OTCMKTS:KGFHY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Kingfisher plc (OTCMKTS:KGFHY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.95 and traded as low as $7.90. Kingfisher shares last traded at $7.94, with a volume of 46,995 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KGFHY shares. Barclays upgraded shares of Kingfisher to a “hold” rating in a report on Friday, September 27th. Citigroup upgraded shares of Kingfisher to a “hold” rating in a report on Wednesday, August 28th. Finally, UBS Group upgraded shares of Kingfisher from a “strong sell” rating to a “hold” rating in a report on Monday, September 23rd.

Kingfisher Trading Up 1.2 %

The firm’s fifty day moving average price is $7.96 and its 200 day moving average price is $7.10. The company has a quick ratio of 0.30, a current ratio of 1.26 and a debt-to-equity ratio of 0.01.

Kingfisher Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, October 11th will be issued a $0.088 dividend. The ex-dividend date of this dividend is Friday, October 11th.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.