Colruyt (OTCMKTS:CUYTY) Shares Gap Down – Should You Sell?

Shares of Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) gapped down prior to trading on Wednesday . The stock had previously closed at $9.6810, but opened at $9.30. Colruyt shares last traded at $9.35, with a volume of 300 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CUYTY. Barclays lowered Colruyt from an “equal weight” rating to a “strong sell” rating in a report on Wednesday, November 26th. Zacks Research upgraded shares of Colruyt from a “strong sell” rating to a “hold” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Colruyt Price Performance

The business’s fifty day moving average price is $9.41 and its 200 day moving average price is $10.31. The company has a quick ratio of 0.57, a current ratio of 0.90 and a debt-to-equity ratio of 0.24.

Colruyt Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, October 7th were given a $0.2137 dividend. The ex-dividend date was Monday, October 6th. This represents a yield of 191.0%.

About Colruyt

Colruyt Group N.V., together with its subsidiaries, engages in the retail, wholesale, food service, and other activities in Belgium, France, Luxembourg, and internationally. It operates through three segments: Retail, Wholesale and Foodservice, and Other Activities. The company provides groceries, fresh products, dry products, and frozen and non-food products; and operates CNG, hydrogen filling, and charging stations.