Carrefour (OTCMKTS:CRRFY) Sees Large Volume Increase – Should You Buy?

Shares of Carrefour SA (OTCMKTS:CRRFY) saw strong trading volume on Thursday. 2,306,474 shares traded hands during mid-day trading, an increase of 652% from the previous session’s volume of 306,864 shares. The stock last traded at $3.13 and had previously closed at $3.17.

Wall Street Analysts Forecast Growth

CRRFY has been the topic of several research analyst reports. Royal Bank Of Canada initiated coverage on shares of Carrefour in a research report on Monday, July 6th. They issued a “moderate buy” rating on the stock. UBS Group lowered Carrefour from a “buy” rating to a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Carrefour has an average rating of “Moderate Buy”.

Carrefour Stock Down 1.6%

The business has a 50-day moving average of $3.72 and a 200 day moving average of $3.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.63.

Carrefour Company Profile

Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.

Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.

Carrefour’s principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.