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

Carrefour SA (OTCMKTS:CRRFY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $3.89, but opened at $3.71. Carrefour shares last traded at $3.73, with a volume of 94,997 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRRFY. Jefferies Financial Group lowered shares of Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Oddo Bhf raised Carrefour to a “neutral” rating in a research report on Thursday, April 23rd. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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Check Out Our Latest Analysis on Carrefour

Carrefour Stock Up 0.4%

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 moving average is $3.86 and its 200 day moving average is $3.54.

Carrefour Company Profile

(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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