Carrefour (OTCMKTS:CRRFY) Sees Large Volume Increase – Here’s What Happened

Shares of Carrefour SA (OTCMKTS:CRRFY) saw unusually-strong trading volume on Friday . 539,011 shares traded hands during trading, an increase of 82% from the previous session’s volume of 296,559 shares.The stock last traded at $3.68 and had previously closed at $3.68.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRRFY. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada assumed coverage on shares of Carrefour in a research report 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Carrefour Trading Up 0.3%

The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $3.68 and its two-hundred day simple moving average is $3.74.

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.