Colruyt (OTCMKTS:CUYTY) Shares Gap Down – What’s Next?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $10.94, but opened at $10.25. Colruyt shares last traded at $10.25, with a volume of 891 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CUYTY shares. Oddo Bhf upgraded Colruyt to an “outperform” rating in a report on Friday, June 12th. Royal Bank Of Canada started coverage on Colruyt in a research note on Monday, July 6th. They set a “hold” rating for the company. Finally, Zacks Research cut Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Colruyt presently has an average rating of “Hold”.

Colruyt Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57. The company has a 50-day moving average price of $11.14 and a 200-day moving average price of $10.31.

Colruyt Company Profile

Colruyt Group is a Belgian retail and wholesale company headquartered in Halle, Belgium. The group operates food and non-food stores under several banners, including Colruyt Lowest Prices, OKay, Bio-Planet and Cru. Its retail offering includes groceries, fresh food, household products and other everyday consumer goods, with an emphasis on value, private-label products and organic selections.

Through its wholesale and foodservice activities, Colruyt Group supplies independent retailers, professional customers and hospitality businesses.