Compagnie Financiere Richemont (OTCMKTS:CFRUY) Reaches New 12-Month High – What’s Next?

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $21.42 and last traded at $21.27, with a volume of 114216 shares. The stock had previously closed at $20.43.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res raised shares of Compagnie Financiere Richemont to a “strong-buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Compagnie Financiere Richemont has a consensus rating of “Strong Buy”.

Compagnie Financiere Richemont Stock Up 4.1%

The stock’s 50-day simple moving average is $19.43 and its 200 day simple moving average is $18.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.98 and a current ratio of 2.90.

Compagnie Financiere Richemont Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 7th. Investors of record on Friday, September 19th were given a $0.1714 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a dividend yield of 90.0%.

About Compagnie Financiere 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.