Carrefour (OTCMKTS:CRRFY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Carrefour SA (OTCMKTS:CRRFY)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.68 and traded as low as $3.64. Carrefour shares last traded at $3.67, with a volume of 115,253 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on CRRFY shares. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada assumed coverage on shares of Carrefour in a research note on Monday, July 6th. They set a “moderate buy” rating on the stock. Finally, Oddo Bhf upgraded shares of Carrefour to a “neutral” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Carrefour Trading Down 0.3%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. The business has a 50-day simple moving average of $3.68 and a 200-day simple moving average of $3.71.

About Carrefour

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.