Colruyt (OTCMKTS:CUYTY) Shares Gap Down – Time to Sell?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTYGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $10.4905, but opened at $10.08. Colruyt shares last traded at $10.08, with a volume of 714 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on CUYTY. Zacks Research upgraded shares of Colruyt from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Oddo Bhf raised Colruyt to an “outperform” rating in a report on Friday, June 12th. Finally, Sanford C. Bernstein initiated coverage on Colruyt in a research report on Friday, May 15th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on Colruyt

Colruyt Trading Down 3.9%

The company’s 50 day moving average is $9.75 and its 200 day moving average is $9.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87.

About Colruyt

(Get Free Report)

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.

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