Compagnie Financiere Richemont (OTCMKTS:CFRUY) Downgraded by Royal Bank Of Canada to Hold

Royal Bank Of Canada downgraded shares of Compagnie Financiere Richemont (OTCMKTS:CFRUY) from a moderate buy rating to a hold rating in a report issued on Tuesday,Zacks reports.

Compagnie Financiere Richemont Stock Down 0.5%

OTCMKTS:CFRUY opened at $20.58 on Tuesday. Compagnie Financiere Richemont has a 1 year low of $16.26 and a 1 year high of $24.86. The business has a 50 day simple moving average of $23.02 and a 200-day simple moving average of $21.15. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Compagnie Financiere Richemont

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC bought a new position in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods company with a portfolio spanning jewelry, watches, fashion, accessories and writing instruments. The group operates through a collection of internationally recognized Maisons, including Cartier, Van Cleef & Arpels, Buccellati, Montblanc, Chloé, Alaïa, Delvaux and Dunhill.

Richemont’s specialist watchmakers include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.