Carrefour (OTCMKTS:CRRFY) Shares Down 4.1% – What’s Next?

Shares of Carrefour SA (OTCMKTS:CRRFY) dropped 4.1% on Tuesday. The company traded as low as $3.55 and last traded at $3.55. Approximately 105,216 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 292,526 shares. The stock had previously closed at $3.70.

Analyst Ratings Changes

CRRFY has been the subject of several recent analyst reports. UBS Group raised shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada initiated coverage on shares of Carrefour in a research report on Monday, July 6th. They set 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Carrefour Stock Performance

The firm has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $3.77. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.83.

About Carrefour

Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.

Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.

Carrefour’s principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.