Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Here’s What Happened

Shares of Carrefour SA (OTCMKTS:CRRFY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.89, but opened at $3.71. Carrefour shares last traded at $3.73, with a volume of 94,997 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group downgraded Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Oddo Bhf upgraded Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Carrefour Stock Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63. The business has a 50 day simple moving average of $3.86 and a two-hundred day simple moving average of $3.53.

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.