Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Should You Sell?

Carrefour SA (OTCMKTS:CRRFY)’s share price gapped down before the market opened 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRRFY shares. Royal Bank Of Canada initiated coverage on Carrefour in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. UBS Group cut Carrefour from a “buy” rating to a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Carrefour Price Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.63. The business has a 50-day simple moving average of $3.71 and a two-hundred day simple moving average of $3.76.

About Carrefour

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.