Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Time to Sell?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $10.15, but opened at $9.8501. Berkeley Group shares last traded at $9.87, with a volume of 820 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on BKGFY shares. Zacks Research lowered Berkeley Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. The Goldman Sachs Group initiated coverage on shares of Berkeley Group in a report on Monday. They set a “sell” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Berkeley Group Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.36 and a quick ratio of 0.61. The firm’s 50 day simple moving average is $10.44 and its 200-day simple moving average is $10.44.

Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.