Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.20 and traded as low as $12.88. Reckitt Benckiser Group shares last traded at $12.94, with a volume of 329,368 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Morgan Stanley upgraded shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Finally, Zacks Research downgraded Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Reckitt Benckiser Group presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Up 2.3%

The stock has a 50 day moving average price of $13.30 and a 200 day moving average price of $15.20. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc is a multinational consumer goods company that develops, manufactures and markets health, hygiene and home products. Its portfolio spans over-the-counter medicines and health products, personal and sexual wellness, surface and laundry cleaning, and household care. The company owns a number of well-known global brands across these categories, including Lysol and Dettol in disinfectants and hygiene, Durex in sexual wellness, Nurofen in analgesics, and Finish in dishwashing products.

The firm has its corporate headquarters in the United Kingdom and sells products in markets around the world, serving consumers across North America, Europe, Asia, Latin America, the Middle East and Africa.