Credit Agricole (OTCMKTS:CRARY) Sees Large Volume Increase – Should You Buy?

Credit Agricole SA (OTCMKTS:CRARY) shares saw unusually-high trading volume on Monday . Approximately 398,096 shares were traded during trading, an increase of 61% from the previous session’s volume of 246,860 shares.The stock last traded at $9.29 and had previously closed at $9.15.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered Credit Agricole from a “hold” rating to a “moderate sell” rating in a report on Thursday, August 21st.

Credit Agricole Stock Up 1.4%

The stock’s 50-day moving average price is $9.44 and its two-hundred day moving average price is $9.21. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 5.92. The stock has a market capitalization of $56.16 billion, a P/E ratio of 7.37 and a beta of 1.05.

Credit Agricole (OTCMKTS:CRARY) last announced its earnings results on Thursday, July 31st. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Credit Agricole had a net margin of 26.77% and a return on equity of 27.20%.

Credit Agricole Company Profile

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking – LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.