Kingfisher (LON:KGF) Stock Price Down 13.5% – Time to Sell?

Kingfisher plc (LON:KGF) shares fell 13.5% during trading on Tuesday . The company traded as low as GBX 238.70 ($3.08) and last traded at GBX 241.97 ($3.13). 1,843,341,875 shares traded hands during mid-day trading, an increase of 2,725% from the average session volume of 65,247,035 shares. The stock had previously closed at GBX 279.70 ($3.61).

Kingfisher Stock Down 13.5 %

The firm has a 50-day moving average of GBX 250.80 and a two-hundred day moving average of GBX 271.04. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. The company has a market capitalization of £4.28 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF) last released its quarterly earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.27) earnings per share for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. Equities research analysts predict that Kingfisher plc will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a GBX 19.72 ($0.25) dividend. This is a positive change from Kingfisher’s previous dividend of $3.80. The ex-dividend date is Thursday, March 27th. This represents a yield of 3.44%. Kingfisher’s payout ratio is presently 63.94%.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.