Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Here’s Why
by Michael Walen · The Markets DailyCarrefour SA (OTCMKTS:CRRFY – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.73, but opened at $3.50. Carrefour shares last traded at $3.49, with a volume of 75,076 shares.
Wall Street Analyst Weigh In
Separately, Oddo Bhf upgraded shares of Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Carrefour presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on CRRFY
Carrefour Trading Down 5.9%
The company’s 50 day moving average price is $3.88 and its two-hundred day moving average price is $3.61. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83.
About Carrefour
Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.
Carrefour’s core business activities revolve around food retailing, non-food products and services.