Kingfisher (OTCMKTS:KGFHY) Stock Passes Below 50-Day Moving Average – Should You Sell?

Kingfisher plc (OTCMKTS:KGFHY) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.95 and traded as low as $7.90. Kingfisher shares last traded at $7.94, with a volume of 46,995 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on KGFHY. UBS Group raised shares of Kingfisher from a “strong sell” rating to a “hold” rating in a report on Monday, September 23rd. Barclays raised Kingfisher to a “hold” rating in a research report on Friday, September 27th. Finally, Citigroup raised Kingfisher to a “hold” rating in a research report on Wednesday, August 28th.

Kingfisher Stock Up 0.1 %

The company has a current ratio of 1.26, a quick ratio of 0.30 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $7.96 and its 200 day simple moving average is $7.09.

Kingfisher Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, October 11th will be given a dividend of $0.088 per share. The ex-dividend date is Friday, October 11th.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.