Avolta (OTCMKTS:DUFRY) Shares Gap Up - Here's Why

Key Points

• Shares of Avolta gapped up pre-market, opening at $6.0201 vs. the prior close of $5.81 and last trading at $6.1363 on volume of 30,639 shares.
• UBS upgraded the stock from "hold" to "buy," and MarketBeat shows a consensus rating of Strong Buy (one Strong Buy, one Buy).
• Key financials point to elevated leverage and weak liquidity: debt-to-equity is 1.85, current ratio 0.76 and quick ratio 0.44 (50-day SMA $6.13; 200-day SMA $5.73).

Avolta AG - Unsponsored ADR (OTCMKTS:DUFRY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.81, but opened at $6.0201. Avolta shares last traded at $6.1363, with a volume of 30,639 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Avolta from a "hold" rating to a "buy" rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Strong Buy".

Avolta Stock Performance

The company has a debt-to-equity ratio of 1.85, a current ratio of 0.76 and a quick ratio of 0.44. The firm's fifty day simple moving average is $6.13 and its 200 day simple moving average is $5.73.

About Avolta

Avolta AG operates as a travel retailer. The company's retail brands include general travel retail shops under the Dufry, World Duty Free, Nuance, Hellenic Duty Free, Zurich Duty-Free or Stockholm Duty-Free, Autogrill, and HMSHost brands; Dufry shopping stores; brand boutiques; convenience stores primarily under the Hudson brand; and specialized shops and theme stores. It offers perfumes and cosmetics, food and confectionery, wines and spirits, watches and jewelry, fashion and leather, tobacco goods, souvenirs, electronics, soft drinks, packaged food, travel accessories, personal items, sunglasses, destination, and other products, as well as newspapers, magazines, and books.

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