Colruyt (OTCMKTS:CUYTY) Sees Unusually-High Trading Volume – Here’s Why

by · The Cerbat Gem

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY – Get Free Report) saw strong trading volume on Monday. Approximately 9,766 shares changed hands during mid-day trading, an increase of 484% from the previous session’s volume of 1,673 shares. The stock last traded at $10.0340 and had previously closed at $9.6405.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada began coverage on Colruyt in a research note on Monday, July 6th. They set a “hold” rating on the stock. UBS Group downgraded Colruyt from a “buy” rating to a “sell” rating in a report on Monday, October 5th. Finally, Zacks Research lowered Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Read Our Latest Research Report on CUYTY

Colruyt Trading Up 1.4%

The stock’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $10.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57.

Colruyt Company Profile

(Get Free Report)

Colruyt Group is a Belgian retail and wholesale company headquartered in Halle, Belgium. The group operates food and non-food stores under several banners, including Colruyt Lowest Prices, OKay, Bio-Planet and Cru. Its retail offering includes groceries, fresh food, household products and other everyday consumer goods, with an emphasis on value, private-label products and organic selections.

Through its wholesale and foodservice activities, Colruyt Group supplies independent retailers, professional customers and hospitality businesses.

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