Compagnie Financiere Richemont (OTCMKTS:CFRUY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $22.24 and traded as low as $20.00. Compagnie Financiere Richemont shares last traded at $20.43, with a volume of 454,156 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Compagnie Financiere Richemont Trading Up 1.2%

The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $22.10 and a two-hundred day moving average of $21.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC bought a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods group that owns and manages a portfolio of prestigious maisons. Its businesses primarily serve the jewelry, watches, fashion and accessories, and writing instruments markets, with products sold through company-operated boutiques, e-commerce channels, and selected wholesale partners.

The group’s maisons include Cartier and Van Cleef & Arpels in jewelry; Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, Piaget, Panerai, A.