Kingfisher (OTCMKTS:KGFHY) Shares Gap Down – Here’s Why

Kingfisher PLC (OTCMKTS:KGFHY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $10.31, but opened at $9.87. Kingfisher shares last traded at $9.87, with a volume of 207 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KGFHY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kingfisher in a research report on Friday, October 2nd. Investec cut shares of Kingfisher to a “hold” rating in a research note on Thursday, September 24th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Kingfisher presently has a consensus rating of “Hold”.

Kingfisher Trading Down 2.6%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.28 and a current ratio of 1.23. The stock’s 50 day moving average is $8.89 and its 200-day moving average is $8.43.

About Kingfisher

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. It serves consumers and trade professionals through a range of retail brands, including B&Q, Screwfix, Castorama and Brico Dépôt. The company sells products and services for DIY projects, home renovation and maintenance. Its offerings include building materials, tools, paint, kitchens, bathrooms, flooring and garden products, with sales through stores and online channels. Kingfisher operates primarily in the UK and other European markets.