Croda International (OTCMKTS:COIHY) Shares Gap Down - Time to Sell?

Key Points

• Croda International's shares gapped down significantly, opening at $17.92 after closing at $19.29, with the last traded price at $17.81.
• The stock received a deteriorating outlook from analysts, with Goldman Sachs downgrading it from "hold" to "strong sell" and two other brokerages issuing similar ratings.
• Croda has a current ratio of 2.63 and a quick ratio of 1.53, indicating stable liquidity, but its stock performance has declined in recent trading periods.

Croda International PLC Unsponsored ADR (OTCMKTS:COIHY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $19.29, but opened at $17.92. Croda International shares last traded at $17.81, with a volume of 1,459 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on COIHY. The Goldman Sachs Group downgraded shares of Croda International from a "hold" rating to a "strong sell" rating in a research report on Friday, April 11th. Kepler Capital Markets raised shares of Croda International to a "strong sell" rating in a report on Monday, June 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Croda International currently has an average rating of "Hold".

Croda International Stock Up 1.8%

The firm has a 50-day moving average price of $20.26 and a two-hundred day moving average price of $19.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 2.63.

About Croda International

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers speciality and active ingredients across beauty care, beauty actives, and home care products, as well as fragrances and flavours.