Carrefour (OTCMKTS:CRRFY) Sees Large Volume Increase – Should You Buy?

Shares of Carrefour SA (OTCMKTS:CRRFYGet Free Report) saw an uptick in trading volume on Friday . 539,011 shares traded hands during trading, an increase of 82% from the previous session’s volume of 296,559 shares.The stock last traded at $3.68 and had previously closed at $3.68.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CRRFY shares. Royal Bank Of Canada assumed coverage on shares of Carrefour in a report on Monday, July 6th. They issued a “moderate buy” rating for the company. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on CRRFY

Carrefour Stock Up 0.3%

The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $3.68 and a two-hundred day moving average price of $3.74.

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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