Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.43 and traded as low as $13.62. Reckitt Benckiser Group shares last traded at $13.70, with a volume of 1,349,067 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RBGLY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research report on Tuesday, June 30th. Zacks Research upgraded Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm’s fifty day moving average is $12.87 and its 200-day moving average is $14.43.

About Reckitt Benckiser Group

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.