Kingfisher (OTCMKTS:KGFHY) Sees Unusually-High Trading Volume – What’s Next?

Kingfisher PLC (OTCMKTS:KGFHY) shares saw an uptick in trading volume on Tuesday . 990,884 shares changed hands during trading, an increase of 1,555% from the previous session’s volume of 59,871 shares.The stock last traded at $9.1250 and had previously closed at $8.84.

Wall Street Analysts Forecast Growth

KGFHY has been the topic of several research analyst reports. Barclays reaffirmed an “underweight” rating on shares of Kingfisher in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft downgraded Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, December 10th. UBS Group reissued a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada upgraded Kingfisher from a “hold” rating to a “moderate buy” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Kingfisher Trading Up 3.6%

The company has a quick ratio of 0.33, a current ratio of 1.28 and a debt-to-equity ratio of 0.02. The business has a 50 day simple moving average of $8.30 and a 200-day simple moving average of $7.81.

About Kingfisher

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.