Berkeley Group (OTCMKTS:BKGFY) Trading Down 4% - Time to Sell?

Key Points

• Berkeley Group's shares fell by 4%, trading at $9.91, marking a significant decrease from the previous close of $10.32 with a notable drop in trading volume.
• Analysts have recently upgraded Berkeley Group's ratings, with UBS Group shifting it from "hold" to "strong-buy" and Royal Bank Of Canada moving from "strong sell" to "moderate buy".
• The company's financial indicators suggest a strong liquidity position, with a current ratio of 3.36 and a debt-to-equity ratio of only 0.19.

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) shares dropped 4% during trading on Monday . The stock traded as low as $9.86 and last traded at $9.91. Approximately 22,583 shares changed hands during trading, a decline of 90% from the average daily volume of 226,220 shares. The stock had previously closed at $10.32.

Analyst Ratings Changes

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

Berkeley Group Stock Performance

The company's fifty day moving average is $10.29 and its two-hundred day 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.

Berkeley Group Company Profile

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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