Carrefour (OTCMKTS:CRRFY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Carrefour SA (OTCMKTS:CRRFY) saw unusually-strong trading volume on Friday . Approximately 774,356 shares changed hands during trading, an increase of 167% from the previous session’s volume of 289,488 shares.The stock last traded at $3.87 and had previously closed at $4.01.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRRFY shares. Oddo Bhf upgraded Carrefour to a “neutral” rating in a research report on Thursday, April 23rd. Jefferies Financial Group lowered Carrefour from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Carrefour Stock Performance

The stock has a 50-day moving average price of $3.84 and a two-hundred day moving average price of $3.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63.

Carrefour Company Profile

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.