Carrefour (OTCMKTS:CRRFY) Hits New 52-Week Low – Time to Sell?

Carrefour SA (OTCMKTS:CRRFY) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.70 and last traded at $2.77, with a volume of 310152 shares traded. The stock had previously closed at $2.84.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRRFY shares. BNP Paribas downgraded Carrefour from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 22nd. Hsbc Global Res lowered shares of Carrefour from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st.

Carrefour Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $2.82 and a 200 day simple moving average of $3.07.

About Carrefour

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.