Colruyt (OTCMKTS:CUYTY) Shares Gap Down – Here’s What Happened

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $11.5150, but opened at $10.94. Colruyt shares last traded at $10.94, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CUYTY. Oddo Bhf upgraded Colruyt to an “outperform” rating in a research note on Friday, June 12th. Royal Bank Of Canada started coverage on shares of Colruyt in a report on Monday, July 6th. They issued a “hold” rating on the stock. Finally, Zacks Research lowered shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Colruyt has an average rating of “Hold”.

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Colruyt Price Performance

The firm has a 50-day moving average of $11.13 and a two-hundred day moving average of $10.26. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20.

Colruyt Company Profile

(Get Free Report)

Colruyt Group NV is a Belgian retail and wholesale company best known for operating Colruyt supermarkets, which emphasize a low-price strategy and a broad range of food, household and personal-care products. The group also operates OKay convenience supermarkets and Bio-Planet organic food stores, as well as specialty retail formats serving areas such as toys, baby products and home goods.

In addition to its retail activities, Colruyt Group supplies professional customers through Solucious, its food-service and wholesale business.

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