Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Time to Sell?

Carrefour SA (OTCMKTS:CRRFY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.75, but opened at $3.47. Carrefour shares last traded at $3.49, with a volume of 29,379 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently commented on CRRFY. DZ Bank raised shares of Carrefour from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Citigroup restated a “buy” rating on shares of Carrefour in a research note on Thursday, December 11th. Finally, Jefferies Financial Group downgraded Carrefour from a “buy” rating to a “hold” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Carrefour Price Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.90. The company has a 50 day moving average price of $3.41 and a 200 day moving average price of $3.16.

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.