Colruyt (OTCMKTS:CUYTY) Shares Gap Down – What’s Next?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $11.5150, but opened at $10.98. Colruyt shares last traded at $10.98, with a volume of 1,500 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CUYTY shares. Royal Bank Of Canada began coverage on shares of Colruyt in a research report on Monday, July 6th. They set a “hold” rating for the company. Zacks Research downgraded Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Oddo Bhf raised shares of Colruyt to an “outperform” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Colruyt presently has an average rating of “Hold”.

Colruyt Trading Down 4.6%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87. The stock has a 50 day moving average price of $11.09 and a 200 day moving average price of $10.18.

Colruyt Company Profile

Colruyt Group NV is a Belgian retail and wholesale company best known for operating Colruyt supermarkets, which emphasize a low-price strategy and a broad range of food, household and personal-care products. The group also operates OKay convenience supermarkets and Bio-Planet organic food stores, as well as specialty retail formats serving areas such as toys, baby products and home goods.

In addition to its retail activities, Colruyt Group supplies professional customers through Solucious, its food-service and wholesale business.