Compagnie Financière Richemont (OTCMKTS:CFRUY) Shares Cross Below 50 Day Moving Average – What’s Next?

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.98 and traded as low as $14.51. Compagnie Financière Richemont shares last traded at $14.55, with a volume of 1,229,794 shares traded.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Compagnie Financière Richemont to a “strong-buy” rating in a research report on Tuesday, September 17th.

Compagnie Financière Richemont Price Performance

The stock’s 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $15.11.

Compagnie Financière Richemont Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.1454 dividend. The ex-dividend date was Friday, September 20th.

About Compagnie Financière Richemont

Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.