Colruyt (OTCMKTS:CUYTY) Hits New 1-Year High – Should You Buy?

Shares of Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) reached a new 52-week high during trading on Thursday . The stock traded as high as $11.07 and last traded at $11.07, with a volume of 345 shares changing hands. The stock had previously closed at $10.87.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada started coverage on Colruyt in a report on Monday, July 6th. They issued a “hold” rating for the company. 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 initiated coverage on Colruyt in a report on Friday, May 15th. They issued a “market perform” rating for the company. Finally, Oddo Bhf upgraded shares of Colruyt to an “outperform” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Colruyt has an average rating of “Hold”.

Colruyt Stock Performance

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 company’s 50-day moving average price is $10.22 and its 200-day moving average price is $9.73.

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.