Carrefour (OTCMKTS:CRRFY) Sees Unusually-High Trading Volume – Here’s Why

Carrefour SA (OTCMKTS:CRRFY – Get Free Report) saw an uptick in trading volume on Friday . 774,356 shares changed hands during mid-day trading, an increase of 167% from the previous session’s volume of 289,488 shares.The stock last traded at $3.87 and had previously closed at $4.01.

Analysts Set New Price Targets

A number of research firms have recently commented on CRRFY. Oddo Bhf upgraded Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. Jefferies Financial Group cut Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carrefour presently has an average rating of “Moderate Buy”.

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Carrefour Stock Down 3.5%

The company’s fifty day moving average price is $3.84 and its 200-day moving average price is $3.52. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

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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