Compagnie Financiere Richemont (OTCMKTS:CFRUY) Shares Gap Down – Should You Sell?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $22.8550, but opened at $21.83. Compagnie Financiere Richemont shares last traded at $21.8040, with a volume of 3,486 shares changing hands.

Compagnie Financiere Richemont Price Performance

The company’s fifty day moving average price is $23.43 and its 200-day moving average price is $21.07. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19.

Institutional Trading of Compagnie Financiere Richemont

A hedge fund recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 501,500 shares of the company’s stock, valued at approximately $11,598,000.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods company with a portfolio spanning jewelry, watches, fashion, accessories and writing instruments. The group operates through a collection of internationally recognized Maisons, including Cartier, Van Cleef & Arpels, Buccellati, Montblanc, Chloé, Alaïa, Delvaux and Dunhill.

Richemont’s specialist watchmakers include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.