Colruyt (OTCMKTS:CUYTY) Reaches New 1-Year High – Still a Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $11.4250 and last traded at $11.4250, with a volume of 1069 shares trading hands. The stock had previously closed at $11.0750.

Wall Street Analysts Forecast Growth

CUYTY has been the subject of a number of research analyst reports. Sanford C. Bernstein started coverage on shares of Colruyt in a research note on Friday, May 15th. They issued a “market perform” rating for the company. Oddo Bhf upgraded Colruyt to an “outperform” rating in a research report on Friday, June 12th. Zacks Research raised Colruyt from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada started coverage on Colruyt in a research report on Monday, July 6th. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Colruyt Trading Up 3.2%

The business’s 50 day simple moving average is $10.34 and its 200-day simple moving average is $9.78. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.20.

Colruyt Company Profile

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.