Howden Joinery (OTCMKTS:HWDJY) Shares Gap Up – Still a Buy?

Howden Joinery (OTCMKTS:HWDJY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $39.41, but opened at $44.31. Howden Joinery shares last traded at $44.31, with a volume of 125 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Howden Joinery from a “hold” rating to a “strong-buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Howden Joinery Trading Down 3.2%

The company has a current ratio of 2.10, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $41.88 and a 200 day simple moving average of $43.58.

Howden Joinery Company Profile

Howden Joinery (OTCMKTS:HWDJY) is a United Kingdom–based specialist in the design, manufacture and distribution of fitted kitchens and joinery products. Established in 1995 through a management buyout from the MFI Group, Howden Joinery has grown to become one of Europe’s leading suppliers of trade-only kitchen solutions. The company operates on a decentralised model that caters exclusively to professional tradespeople, offering a comprehensive range of products under one roof.

The company’s core product portfolio includes kitchen cabinets, doors, worktops, sinks, taps and a variety of accessories, from lighting to storage solutions.