Accor (OTCMKTS:ACCYY) Shares Gap Down – Should You Sell?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $11.98, but opened at $11.45. Accor shares last traded at $11.4430, with a volume of 16,925 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ACCYY shares. Citigroup restated a “buy” rating on shares of Accor in a report on Wednesday, October 29th. Morgan Stanley reiterated an “overweight” rating on shares of Accor in a research note on Monday, October 27th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Accor has an average rating of “Moderate Buy”.

Accor Trading Down 4.1%

The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $11.23 and a 200-day simple moving average of $10.52.

About Accor

Accor is a leading global hospitality group headquartered in Issy-les-Moulineaux, France, with operations spanning more than 100 countries across Europe, the Americas, Asia-Pacific, the Middle East and Africa. Founded in 1967 by Paul Dubrule and Gérard Pélisson, the company has grown from a single motel in Lille into one of the world’s largest hotel operators and owners, offering accommodation and hospitality services to both leisure and business travelers.

The company’s extensive brand portfolio covers a wide spectrum of market segments, ranging from luxury and premium offerings to midscale and economy hotels.