Compagnie Financiere Richemont (OTCMKTS:CFRUY) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $20.88 and traded as high as $21.31. Compagnie Financiere Richemont shares last traded at $21.21, with a volume of 446,547 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CFRUY shares. TD Cowen assumed coverage on shares of Compagnie Financiere Richemont in a report on Friday, October 30th. They set a “strong-buy” rating on the stock. Royal Bank Of Canada lowered shares of Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Compagnie Financiere Richemont has an average rating of “Buy”.

Compagnie Financiere Richemont Price Performance

The company has a current ratio of 3.10, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $21.05 and a 200 day moving average of $20.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC bought a new position in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.

About Compagnie Financiere Richemont

Compagnie Financière Richemont is a Switzerland-based luxury goods group whose businesses design, manufacture and sell jewelry, watches, fashion and accessories. Its portfolio includes jewelry houses such as Cartier, Van Cleef & Arpels and Buccellati, as well as specialist watchmakers including IWC Schaffhausen, Jaeger-LeCoultre, Panerai and Vacheron Constantin.

The group also includes fashion and accessories Maisons such as Alaïa and Chloé. Its products are sold internationally through boutiques, e-commerce and wholesale partners, serving customers across major luxury markets worldwide.

Founded in 1988 by Johann Rupert, Richemont is headquartered in Bellevue, Switzerland.