Berkeley Group (OTCMKTS:BKGFY) Trading Down 3.4% - Here's Why

Key Points

• The shares of Berkeley Group Holdings PLC (OTCMKTS:BKGFY) decreased by 3.4%, trading as low as $9.86 with a last traded price of $9.97 on Monday.
• Analysts have upgraded Berkeley Group's stock ratings, with UBS Group changing it from a "hold" to a "strong-buy" rating, indicating growing confidence in the company's performance.
• The company's current ratio is notably high at 3.36, suggesting it is in a strong position to meet short-term obligations.

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) shares were down 3.4% on Monday . The company traded as low as $9.86 and last traded at $9.97. Approximately 53,755 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 111,446 shares. The stock had previously closed at $10.32.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BKGFY shares. Kepler Capital Markets upgraded Berkeley Group to a "hold" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised Berkeley Group from a "strong sell" rating to a "moderate buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group upgraded Berkeley Group from a "hold" rating to a "strong-buy" rating in a report on Monday, April 28th.

Berkeley Group Trading Down 3.4%

The firm's fifty day simple moving average is $10.26 and its two-hundred day simple moving average is $10.25. The company has a quick ratio of 0.61, a current ratio of 3.36 and a debt-to-equity ratio of 0.19.

About Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.

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