Woolworths (OTCMKTS:WLWHY) Shares Gap Down – Here’s What Happened

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY – Get Free Report) shares gapped down prior to trading on Tuesday. The stock had previously closed at $2.60, but opened at $2.4250. Woolworths shares last traded at $2.60, with a volume of 400 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Woolworths from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Woolworths currently has a consensus rating of “Hold”.

View Our Latest Stock Report on Woolworths

Woolworths Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.11 and a quick ratio of 0.41. The business has a 50-day simple moving average of $2.67 and a two-hundred day simple moving average of $3.02.

About Woolworths

(Get Free Report)

Woolworths Group Limited is an Australia-based retail company that operates supermarkets, convenience stores and general merchandise businesses. Its Australian food operations trade primarily under the Woolworths and Woolworths Metro brands, offering groceries, fresh food, household products and everyday essentials through physical stores and online channels.

The group also operates food retail businesses in New Zealand under the Woolworths brand, following the rebranding of its Countdown supermarkets.

Further Reading

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