Colruyt (OTCMKTS:CUYTY) Reaches New 12-Month Low – What’s Next?

Shares of Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) reached a new 52-week low on Thursday. The company traded as low as $9.3225 and last traded at $9.3225, with a volume of 261 shares. The stock had previously closed at $10.25.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group lowered Colruyt from a “buy” rating to a “sell” rating in a report on Monday. Oddo Bhf upgraded Colruyt to an “outperform” rating in a research report on Friday, June 12th. Royal Bank Of Canada initiated coverage on Colruyt in a research note on Monday, July 6th. They issued a “hold” rating for the company. Finally, Zacks Research lowered Colruyt from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Colruyt Trading Down 9.0%

The company’s 50-day simple moving average is $11.08 and its 200-day simple moving average is $10.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57.

About Colruyt

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.