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Kingfisher (OTCMKTS:KGFHY) Stock Price Passes Above 50 Day Moving Average - What's Next?

Kingfisher logo with Retail/Wholesale background

Shares of Kingfisher plc (OTCMKTS:KGFHY - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.73 and traded as high as $7.70. Kingfisher shares last traded at $7.60, with a volume of 60,959 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KGFHY. Citigroup reaffirmed a "neutral" rating on shares of Kingfisher in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kingfisher in a report on Wednesday, March 26th.

Check Out Our Latest Stock Analysis on Kingfisher

Kingfisher Trading Up 0.7 %

The business has a 50-day simple moving average of $6.84 and a 200-day simple moving average of $6.65. The company has a current ratio of 1.26, a quick ratio of 0.30 and a debt-to-equity ratio of 0.01.

Kingfisher Company Profile

(Get Free Report)

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.

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