Carrefour (OTCMKTS:CRRFY) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Carrefour SA (OTCMKTS:CRRFY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.68 and traded as low as $3.64. Carrefour shares last traded at $3.67, with a volume of 115,253 shares changing hands.

Analysts Set New Price Targets

CRRFY has been the subject of several analyst reports. Oddo Bhf upgraded Carrefour to a “neutral” rating in a report on Thursday, April 23rd. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Finally, 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. 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, the stock presently has an average rating of “Moderate Buy”.

Carrefour Stock Down 0.3%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. The firm has a 50-day moving average of $3.68 and a two-hundred day moving average of $3.71.

About Carrefour

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.