Compagnie Financiere Richemont (OTCMKTS:CFRUY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.79 and traded as low as $20.50. Compagnie Financiere Richemont shares last traded at $20.61, with a volume of 472,170 shares.

Analysts Set New Price Targets

Separately, HSBC upgraded shares of Compagnie Financiere Richemont to a “strong-buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Compagnie Financiere Richemont Trading Down 0.6%

The company has a current ratio of 2.82, a quick ratio of 1.87 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $20.79 and a two-hundred day simple moving average of $19.62.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.