Kingfisher (OTCMKTS:KGFHY) Shares Gap Up – Here’s What Happened

Kingfisher PLC (OTCMKTS:KGFHY) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.49, but opened at $7.85. Kingfisher shares last traded at $7.90, with a volume of 31,986 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Kingfisher from an “underweight” rating to an “equal weight” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kingfisher Stock Up 2.9%

The firm’s 50-day moving average price is $7.63 and its 200-day moving average price is $8.26. The company has a quick ratio of 0.27, a current ratio of 1.21 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.