Carrefour (OTCMKTS:CRRFY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Carrefour SA (OTCMKTS:CRRFY) saw unusually-high trading volume on Thursday . Approximately 911,494 shares traded hands during trading, an increase of 231% from the previous session’s volume of 275,378 shares.The stock last traded at $3.5450 and had previously closed at $3.54.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRRFY. Citigroup restated a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. Jefferies Financial Group cut Carrefour from a “buy” rating to a “hold” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Carrefour Price Performance

The stock has a fifty day simple moving average of $3.47 and a 200-day simple moving average of $3.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.63.

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.