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

Shares of Carrefour SA (OTCMKTS:CRRFY) saw an uptick in trading volume on Wednesday . 1,533,757 shares changed hands during trading, an increase of 414% from the previous session’s volume of 298,499 shares.The stock last traded at $3.73 and had previously closed at $3.7150.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. Jefferies Financial Group cut shares of Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Carrefour Stock Up 1.3%

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63. The business has a fifty day simple moving average of $3.59 and a 200-day simple moving average of $3.29.

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.