Howden Joinery (OTCMKTS:HWDJY) Shares Gap Down – Here’s What Happened

Howden Joinery (OTCMKTS:HWDJY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $45.74, but opened at $39.75. Howden Joinery shares last traded at $42.07, with a volume of 451 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Howden Joinery from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Howden Joinery Trading Down 5.0%

The business has a 50-day simple moving average of $41.87 and a two-hundred day simple moving average of $43.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.27.

About Howden Joinery

Howden Joinery (OTCMKTS:HWDJY) is a United Kingdom–based specialist in the design, manufacture and distribution of fitted kitchens and joinery products. Established in 1995 through a management buyout from the MFI Group, Howden Joinery has grown to become one of Europe’s leading suppliers of trade-only kitchen solutions. The company operates on a decentralised model that caters exclusively to professional tradespeople, offering a comprehensive range of products under one roof.

The company’s core product portfolio includes kitchen cabinets, doors, worktops, sinks, taps and a variety of accessories, from lighting to storage solutions.