Carrefour (OTCMKTS:CRRFY) Shares Gap Down – What’s Next?

Carrefour SA (OTCMKTS:CRRFY)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $3.43, but opened at $3.1850. Carrefour shares last traded at $3.19, with a volume of 306,884 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CRRFY shares. UBS Group raised Carrefour from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada assumed coverage on Carrefour in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Carrefour Price Performance

The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average price is $3.73 and its 200-day moving average price is $3.77.

Carrefour Company Profile

Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.

Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.

Carrefour’s principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.