Compagnie Financiere Richemont (OTCMKTS:CFRUY) Shares Gap Down – Should You Sell?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) shares gapped down prior to trading on Thursday . The stock had previously closed at $23.27, but opened at $22.60. Compagnie Financiere Richemont shares last traded at $22.5510, with a volume of 36,811 shares traded.

Compagnie Financiere Richemont Trading Down 2.4%

The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $23.46 and its 200 day moving average is $21.01.

Hedge Funds Weigh In On Compagnie Financiere Richemont

A hedge fund recently bought a new position in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new stake in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 501,500 shares of the company’s stock, valued at approximately $11,598,000.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.