Carrefour (OTCMKTS:CRRFY) Shares Gap Up – Time to Buy?
by Renee Jackson · The Cerbat GemShares of Carrefour SA (OTCMKTS:CRRFY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $3.81, but opened at $3.94. Carrefour shares last traded at $3.94, with a volume of 1,039 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada assumed coverage on Carrefour in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carrefour presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on CRRFY
Carrefour Stock Performance
The stock’s 50-day moving average price is $3.72 and its 200 day moving average price is $3.75. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87.
Carrefour Company Profile
Carrefour SA is a French multinational retail company that operates hypermarkets, supermarkets, convenience stores and cash-and-carry outlets. Its product offerings include groceries, fresh food, consumer goods, household products, clothing and selected non-food merchandise. The company also serves customers through e-commerce platforms and offers private-label products and related services.
Founded in 1959, Carrefour opened one of the world’s first hypermarkets in Sainte-Geneviève-des-Bois, France, in 1960.