Kingfisher (LON:KGF) Stock Price Down 13.8% – Should You Sell?

Kingfisher plc (LON:KGF)’s stock price traded down 13.8% during trading on Tuesday . The stock traded as low as GBX 238.70 ($3.08) and last traded at GBX 241.20 ($3.12). 367,623,094 shares were traded during mid-day trading, an increase of 814% from the average session volume of 40,234,852 shares. The stock had previously closed at GBX 279.70 ($3.61).

Kingfisher Trading Down 13.8 %

The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The business’s 50-day moving average price is GBX 250.80 and its two-hundred day moving average price is GBX 271.04. The company has a market capitalization of £4.26 billion, a P/E ratio of 12.85, a PEG ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF) last announced its quarterly earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.27) earnings per share (EPS) for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. As a group, analysts forecast that Kingfisher plc will post 23.6949924 EPS for the current fiscal year.

Kingfisher Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a GBX 19.72 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 3.44%. This is a positive change from Kingfisher’s previous dividend of $3.80. Kingfisher’s payout ratio is presently 63.94%.

About Kingfisher

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.