Colruyt (OTCMKTS:CUYTY) Shares Gap Up – Still a Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $9.3335, but opened at $9.6610. Colruyt shares last traded at $9.6610, with a volume of 283 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group lowered Colruyt from a “buy” rating to a “sell” rating in a research report on Monday, October 5th. Royal Bank Of Canada started coverage on shares of Colruyt in a research report on Monday, July 6th. They set a “hold” rating for the company. Finally, Zacks Research downgraded shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Read Our Latest Analysis on Colruyt

Colruyt Stock Performance

The firm has a 50-day moving average of $10.88 and a 200 day moving average of $10.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57.

Colruyt Company Profile

(Get Free Report)

Colruyt Group is a Belgian retail and wholesale company headquartered in Halle, Belgium. The group operates food and non-food stores under several banners, including Colruyt Lowest Prices, OKay, Bio-Planet and Cru. Its retail offering includes groceries, fresh food, household products and other everyday consumer goods, with an emphasis on value, private-label products and organic selections.

Through its wholesale and foodservice activities, Colruyt Group supplies independent retailers, professional customers and hospitality businesses.

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