Koninklijke Philips (NYSE:PHG) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Koninklijke Philips N.V. (NYSE:PHG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.76 and traded as high as $29.67. Koninklijke Philips shares last traded at $29.50, with a volume of 2,461,598 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Zacks Research lowered Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Royal Bank Of Canada began coverage on shares of Koninklijke Philips in a research report on Wednesday, December 17th. They set a “sector perform” rating for the company. Finally, Weiss Ratings upgraded shares of Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Koninklijke Philips Stock Up 1.7%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.86 and a current ratio of 1.32. The stock’s 50 day simple moving average is $28.11 and its 200 day simple moving average is $27.76. The firm has a market cap of $28.41 billion, a P/E ratio of 147.51, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $4.30 billion. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. Research analysts anticipate that Koninklijke Philips N.V. will post 1.63 EPS for the current year.

Hedge Funds Weigh In On Koninklijke Philips

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in shares of Koninklijke Philips by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock worth $703,000 after purchasing an additional 388 shares in the last quarter. Franklin Resources Inc. lifted its position in Koninklijke Philips by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company’s stock worth $316,000 after buying an additional 439 shares during the last quarter. Kitching Partners LLC lifted its position in Koninklijke Philips by 4.2% in the 2nd quarter. Kitching Partners LLC now owns 11,259 shares of the technology company’s stock worth $270,000 after buying an additional 457 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Koninklijke Philips by 4.4% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 11,357 shares of the technology company’s stock worth $310,000 after buying an additional 478 shares in the last quarter. Finally, Signaturefd LLC grew its position in Koninklijke Philips by 2.2% during the fourth quarter. Signaturefd LLC now owns 25,598 shares of the technology company’s stock valued at $693,000 after acquiring an additional 546 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.