Colruyt (OTCMKTS:CUYTY) Shares Gap Down – Here’s Why

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s share price gapped down prior to trading on Friday. The stock had previously closed at $11.5150, but opened at $10.94. Colruyt shares last traded at $10.94, with a volume of 100 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CUYTY. Zacks Research cut shares of Colruyt from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research report on Friday, June 12th. Finally, Royal Bank Of Canada began coverage on shares of Colruyt in a research note on Monday, July 6th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Colruyt Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $11.13 and its 200-day moving average price is $10.26.

Colruyt Company Profile

Colruyt Group NV is a Belgian retail and wholesale company best known for operating Colruyt supermarkets, which emphasize a low-price strategy and a broad range of food, household and personal-care products. The group also operates OKay convenience supermarkets and Bio-Planet organic food stores, as well as specialty retail formats serving areas such as toys, baby products and home goods.

In addition to its retail activities, Colruyt Group supplies professional customers through Solucious, its food-service and wholesale business.