Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Here’s What Happened
by Mitch Edgeman · The Markets DailyCarrefour SA (OTCMKTS:CRRFY – Get Free Report)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $3.43, but opened at $3.1850. Carrefour shares last traded at $3.19, with a volume of 306,884 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CRRFY. Royal Bank Of Canada initiated coverage on shares of Carrefour in a research report on Monday, July 6th. They issued a “moderate buy” rating for the company. UBS Group raised Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on Carrefour
Carrefour Price Performance
The firm’s fifty day moving average is $3.73 and its 200-day moving average is $3.77. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.
Carrefour Company Profile
Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.
Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.
Carrefour’s principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.