Colruyt (OTCMKTS:CUYTY) Reaches New 1-Year High – Still a Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $10.8332 and last traded at $10.8332, with a volume of 533 shares trading hands. The stock had previously closed at $10.51.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CUYTY shares. Zacks Research raised Colruyt from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Royal Bank Of Canada initiated coverage on Colruyt in a report on Monday, July 6th. They issued a “hold” rating for the company. Oddo Bhf upgraded shares of Colruyt to an “outperform” rating in a research report on Friday, June 12th. Finally, Sanford C. Bernstein began coverage on shares of Colruyt in a report on Friday, May 15th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Colruyt has a consensus rating of “Hold”.

Colruyt Stock Down 0.1%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87. The business has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $9.62.

Colruyt Company Profile

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.