Kingfisher (LON:KGF) Shares Down 13.7% – Time to Sell?

Kingfisher plc (LON:KGF)’s share price was down 13.7% during mid-day trading on Tuesday . The company traded as low as GBX 238.70 ($3.08) and last traded at GBX 241.30 ($3.12). Approximately 370,668,406 shares traded hands during mid-day trading, an increase of 820% from the average daily volume of 40,286,469 shares. The stock had previously closed at GBX 279.70 ($3.61).

Kingfisher Stock Down 13.5 %

The company has a market capitalization of £4.28 billion, a PE ratio of 12.89, a P/E/G ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The company’s 50-day moving average is GBX 250.80 and its 200 day moving average is GBX 271.04.

Kingfisher (LON:KGF) last posted 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%. As a group, analysts anticipate that Kingfisher plc will post 23.6949924 EPS for the current year.

Kingfisher Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 19.72 ($0.25) per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 3.44%. This is a boost from Kingfisher’s previous dividend of $3.80. Kingfisher’s dividend payout ratio is currently 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.