Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.76 and traded as low as $12.53. Reckitt Benckiser Group shares last traded at $12.67, with a volume of 566,951 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RBGLY shares. Kepler Capital Markets upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Zacks Research raised Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Morgan Stanley upgraded Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The company’s 50-day moving average price is $12.71 and its two-hundred day moving average price is $14.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc is a multinational consumer goods company that develops, manufactures and markets health, hygiene and home products. Its portfolio spans over-the-counter medicines and health products, personal and sexual wellness, surface and laundry cleaning, and household care. The company owns a number of well-known global brands across these categories, including Lysol and Dettol in disinfectants and hygiene, Durex in sexual wellness, Nurofen in analgesics, and Finish in dishwashing products.

The firm has its corporate headquarters in the United Kingdom and sells products in markets around the world, serving consumers across North America, Europe, Asia, Latin America, the Middle East and Africa.