Howden Joinery (OTCMKTS:HWDJY) Shares Gap Up – Here’s Why

Howden Joinery (OTCMKTS:HWDJY) gapped up before the market opened on Wednesday . The stock had previously closed at $40.29, but opened at $45.50. Howden Joinery shares last traded at $45.50, with a volume of 110 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Howden Joinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Howden Joinery presently has an average rating of “Strong Buy”.

Howden Joinery Trading Up 6.6%

The stock’s fifty day moving average price is $41.66 and its 200-day moving average price is $43.50. The company has a current ratio of 2.10, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

Howden Joinery Company Profile

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.