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

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $21.35, but opened at $20.5001. Compagnie Financiere Richemont shares last traded at $20.4550, with a volume of 7,166 shares changing hands.

Compagnie Financiere Richemont Stock Down 1.7%

The business’s 50 day moving average price is $23.21 and its 200-day moving average price is $21.09. 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 Inflows and Outflows

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new position in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

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.