Compagnie Financiere Richemont (OTCMKTS:CFRUY) Sees Large Volume Increase – Still a Buy?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUYGet Free Report) saw unusually-strong trading volume on Friday . 1,122,387 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 572,428 shares.The stock last traded at $22.61 and had previously closed at $22.80.

Compagnie Financiere Richemont Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.10 and a quick ratio of 2.06. The stock has a fifty day moving average price of $21.27 and a 200 day moving average price of $20.22.

About Compagnie Financiere Richemont

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Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.

Further Reading

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