Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Carrefour SA (OTCMKTS:CRRFY – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $3.81, but opened at $3.67. Carrefour shares last traded at $3.68, with a volume of 20,230 shares changing hands.

Wall Street Analyst Weigh In

CRRFY has been the subject of a number of recent research reports. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada began coverage on shares of Carrefour in a report on Monday, July 6th. They issued a “moderate buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Report on Carrefour

Carrefour Stock Performance

The firm has a 50-day moving average of $3.74 and a 200-day moving average of $3.77. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

About Carrefour

(Get Free Report)

Carrefour is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells food, household goods, personal-care products, apparel and other consumer merchandise through stores and digital channels, including products marketed under the Carrefour brand and a range of private-label lines.

Founded in 1959, Carrefour opened what is widely recognized as France’s first hypermarket in 1960.

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