Woolworths (OTCMKTS:WLWHY) Shares Gap Down – What’s Next?

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $2.56, but opened at $2.3388. Woolworths shares last traded at $2.49, with a volume of 7,450 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Woolworths from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Woolworths currently has an average rating of “Hold”.

View Our Latest Report on Woolworths

Woolworths Stock Performance

The business has a 50 day moving average of $2.57 and a 200-day moving average of $3.13. The company has a quick ratio of 0.41, a current ratio of 1.11 and a debt-to-equity ratio of 0.84.

About Woolworths

(Get Free Report)

Woolworths Group Limited is an Australian retail company that operates food and general merchandise businesses in Australia and New Zealand. Its principal Australian food brands include Woolworths supermarkets and Woolworths Metro convenience-format stores, which sell groceries, fresh food, household products and related consumer goods through physical stores and online channels.

In New Zealand, the company operates Woolworths New Zealand, a supermarket business formerly known as Countdown.

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