Compagnie Financiere Richemont (OTCMKTS:CFRUY) Lowered to “Hold” Rating by Royal Bank Of Canada

Compagnie Financiere Richemont (OTCMKTS:CFRUY) was downgraded by equities research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Compagnie Financiere Richemont Stock Performance

Compagnie Financiere Richemont stock opened at $20.58 on Tuesday. The firm’s fifty day moving average is $23.02 and its 200 day moving average is $21.15. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. Compagnie Financiere Richemont has a 52-week low of $16.26 and a 52-week high of $24.86.

Institutional Investors Weigh In On Compagnie Financiere Richemont

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC acquired a new position in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods company with a portfolio spanning jewelry, watches, fashion, accessories and writing instruments. The group operates through a collection of internationally recognized Maisons, including Cartier, Van Cleef & Arpels, Buccellati, Montblanc, Chloé, Alaïa, Delvaux and Dunhill.

Richemont’s specialist watchmakers include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.