Colruyt (OTCMKTS:CUYTY) Shares Gap Up – Still a Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $10.08, but opened at $10.65. Colruyt shares last traded at $10.65, with a volume of 470 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research note on Friday, June 12th. Zacks Research raised shares of Colruyt from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Sanford C. Bernstein started coverage on shares of Colruyt in a report on Friday, May 15th. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada initiated coverage on shares of Colruyt in a research report on Monday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Colruyt presently has a consensus rating of “Hold”.

Colruyt Trading Down 1.3%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87. The stock’s 50 day simple moving average is $9.82 and its two-hundred day simple moving average is $9.58.

About Colruyt

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.