Howden Joinery (OTCMKTS:HWDJY) Shares Down 0.8% – Should You Sell?

Howden Joinery (OTCMKTS:HWDJY)’s share price fell 0.8% during mid-day trading on Monday. The stock traded as low as $40.0235 and last traded at $40.0235. 192 shares were traded during trading, an increase of 102% from the average session volume of 95 shares. The stock had previously closed at $40.3645.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Howden Joinery from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Howden Joinery has a consensus rating of “Buy”.

Howden Joinery Stock Down 0.8%

The company’s 50 day moving average price is $41.01 and its 200-day moving average price is $42.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.10.

About Howden Joinery

Howden Joinery Group plc is a United Kingdom-based supplier of kitchens and related products, operating primarily under the Howdens brand. The company serves professional tradespeople, including builders, kitchen installers and contractors, through a network of local depots rather than a conventional consumer showroom model.

Its product range includes fitted kitchens, cabinets, worktops, sinks, taps, appliances, flooring, doors, joinery products, hardware and bathroom fittings. Howdens also provides design support and other services intended to help trade customers plan and complete residential improvement and construction projects.

Founded in 1995, Howden Joinery became an independent, publicly listed business in 2006 following its separation from MFI.