Colruyt (OTCMKTS:CUYTY) Sees Large Volume Increase – Still a Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) saw an uptick in trading volume on Monday. Approximately 9,766 shares traded hands during mid-day trading, an increase of 484% from the previous session’s volume of 1,673 shares. The stock last traded at $10.0340 and had previously closed at $9.6405.

Analyst Ratings Changes

CUYTY has been the subject of several recent research reports. Zacks Research downgraded shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. 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, UBS Group cut Colruyt from a “buy” rating to a “sell” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Colruyt Stock Performance

The business’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $10.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57.

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.