Howden Joinery (OTCMKTS:HWDJY) Shares Up 0.7% – Time to Buy?

Shares of Howden Joinery (OTCMKTS:HWDJY) shot up 0.7% during mid-day trading on Monday. The stock traded as high as $40.0235 and last traded at $40.0235. Approximately 7 shares changed hands during trading, a decline of 53% from the average session volume of 15 shares. The stock had previously closed at $39.7510.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Howden Joinery from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Howden Joinery currently has a consensus rating of “Buy”.

Howden Joinery Stock Performance

The firm has a fifty day moving average price of $40.78 and a two-hundred day moving average price of $41.80.

About Howden Joinery

Howden Joinery Group plc is a United Kingdom-based specialist supplier of fitted kitchens and joinery products. Operating primarily through a trade-only model, the company sells to professional tradespeople, including builders, kitchen installers and property developers, who in turn supply and install products for residential customers.

The company’s product range includes kitchen cabinets, worktops, sinks, taps, appliances, flooring, doors, hardware and related joinery products. Howdens operates a network of local depots designed to provide trade customers with product availability, design support and delivery services.

Howdens was established in 1995 and has expanded beyond its core United Kingdom market into selected European countries, including France and Belgium.