Colruyt (OTCMKTS:CUYTY) Shares Gap Up – Time to Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) shares gapped up prior to trading on Friday. The stock had previously closed at $10.00, but opened at $10.57. Colruyt shares last traded at $10.57, with a volume of 2,500 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CUYTY shares. Zacks Research cut shares of Colruyt from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. UBS Group cut shares of Colruyt from a “buy” rating to a “sell” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Colruyt Stock Up 5.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57. The company has a fifty day moving average price of $10.51 and a two-hundred day moving average price of $10.12.

About Colruyt

Colruyt Group is a Belgian retail and wholesale company best known for its Colruyt discount supermarkets, which sell groceries and everyday household products. Its other retail formats include Okay convenience stores and Bio-Planet organic supermarkets, alongside online shopping services. The company traces its origins to a grocery wholesale business founded by Franz Colruyt in Belgium in 1928. Today, its activities span food retail, wholesale and food service, with operations centered on Belgium and extending into France and Luxembourg.