Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Here’s Why

Carrefour SA (OTCMKTS:CRRFYGet Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $3.73, but opened at $3.50. Carrefour shares last traded at $3.49, with a volume of 75,076 shares trading hands.

Wall Street Analyst Weigh In

Separately, Oddo Bhf upgraded shares of Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on Carrefour

Carrefour Trading Down 5.9%

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 company’s 50 day simple moving average is $3.88 and its 200-day simple moving average is $3.61.

About Carrefour

(Get Free Report)

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.

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