Kingfisher (OTCMKTS:KGFHY) Shares Down 8.9% – Here’s What Happened

Kingfisher PLC (OTCMKTS:KGFHY)’s share price traded down 8.9% on Monday . The company traded as low as $8.36 and last traded at $8.3850. Approximately 1,345 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 102,150 shares. The stock had previously closed at $9.2060.

Analyst Ratings Changes

KGFHY has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. Barclays reissued an “underweight” rating on shares of Kingfisher in a research note on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher from a “hold” rating to a “sell” rating in a research report on Wednesday, December 10th. One research 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. According to MarketBeat, Kingfisher has an average rating of “Reduce”.

Kingfisher Trading Down 4.3%

The business has a 50 day moving average of $9.15 and a two-hundred day moving average of $8.26. The company has a quick ratio of 0.33, a current ratio of 1.28 and a debt-to-equity ratio of 0.02.

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.