Howden Joinery (OTCMKTS:HWDJY) Stock Price Down 0.8% – Here’s Why

Shares of Howden Joinery (OTCMKTS:HWDJY) dropped 0.8% on Monday. The stock traded as low as $40.0235 and last traded at $40.0235. 192 shares traded hands during trading, an increase of 102% from the average daily volume of 95 shares. The stock had previously closed at $40.3645.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Howden Joinery from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. 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.com, the company currently has an average rating of “Buy”.

Howden Joinery Price Performance

The company has a quick ratio of 1.27, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average is $40.97 and its 200 day moving average is $42.24.

Howden Joinery Company Profile

Howden Joinery Group plc is a United Kingdom-based supplier of kitchens and related products, operating primarily under the Howdens brand. The company serves professional tradespeople, including builders, kitchen installers and contractors, through a network of local depots rather than a conventional consumer showroom model.

Its product range includes fitted kitchens, cabinets, worktops, sinks, taps, appliances, flooring, doors, joinery products, hardware and bathroom fittings. Howdens also provides design support and other services intended to help trade customers plan and complete residential improvement and construction projects.

Founded in 1995, Howden Joinery became an independent, publicly listed business in 2006 following its separation from MFI.