Colruyt (OTCMKTS:CUYTY) Sees Large Volume Increase – What’s Next?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) saw unusually-strong trading volume on Monday. 9,766 shares changed hands during mid-day trading, an increase of 484% from the previous session’s volume of 1,673 shares. The stock last traded at $10.0340 and had previously closed at $9.6405.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CUYTY shares. Royal Bank Of Canada started coverage on Colruyt in a report on Monday, July 6th. They issued a “hold” rating on the stock. Zacks Research downgraded Colruyt from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, UBS Group downgraded Colruyt from a “buy” rating to a “sell” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Colruyt Stock Up 3.4%

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 stock’s 50-day simple moving average is $10.85 and its 200-day simple moving average is $10.34.

Colruyt Company Profile

Colruyt Group NV is a Belgian retail and wholesale company best known for its Colruyt Lowest Prices supermarket chain. The group sells food, household products and other everyday consumer goods through a network of supermarkets and specialty stores, as well as through online channels. Its retail portfolio has also included the OKay and Bio-Planet supermarket formats and businesses focused on toys and baby products.

In addition to food retail, Colruyt Group operates wholesale and food-service activities, supplying independent retailers, professional customers and hospitality businesses.