Carrefour (OTCMKTS:CRRFY) Shares Gap Down – What’s Next?

Carrefour SA (OTCMKTS:CRRFY)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $3.81, but opened at $3.67. Carrefour shares last traded at $3.68, with a volume of 20,230 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRRFY shares. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada began coverage on shares of Carrefour in a research note on Monday, July 6th. They set a “moderate buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Carrefour Trading Down 2.2%

The business’s fifty day moving average price is $3.74 and its 200-day moving average price is $3.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63.

About Carrefour

Carrefour is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells food, household goods, personal-care products, apparel and other consumer merchandise through stores and digital channels, including products marketed under the Carrefour brand and a range of private-label lines.

Founded in 1959, Carrefour opened what is widely recognized as France’s first hypermarket in 1960.