Colruyt (OTCMKTS:CUYTY) Shares Gap Up – Here’s What Happened

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) gapped up before the market opened on Wednesday. The stock had previously closed at $9.3335, but opened at $9.6610. Colruyt shares last traded at $9.6610, with a volume of 283 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on CUYTY shares. Zacks Research lowered shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. UBS Group downgraded shares of Colruyt from a “buy” rating to a “sell” rating in a research note on Monday, October 5th. Finally, Royal Bank Of Canada initiated coverage on shares of Colruyt in a report on Monday, July 6th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Colruyt currently has an average rating of “Reduce”.

Colruyt Trading Up 0.4%

The business has a 50 day moving average price of $10.95 and a 200 day moving average price of $10.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87.

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.