Colruyt (OTCMKTS:CUYTY) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.12 and traded as high as $10.57. Colruyt shares last traded at $10.57, with a volume of 2,500 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group cut shares of Colruyt from a “buy” rating to a “sell” rating in a research note on Monday, October 5th. Zacks Research cut shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Colruyt has a consensus rating of “Reduce”.

Colruyt Trading Up 5.7%

The company’s 50-day moving average is $10.49 and its 200-day moving average is $10.12. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20.

About Colruyt

Colruyt Group is a Belgian retail and wholesale company best known for its Colruyt discount supermarkets, which sell groceries and everyday household products. Its other retail formats include Okay convenience stores and Bio-Planet organic supermarkets, alongside online shopping services. The company traces its origins to a grocery wholesale business founded by Franz Colruyt in Belgium in 1928. Today, its activities span food retail, wholesale and food service, with operations centered on Belgium and extending into France and Luxembourg.