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

Carrefour SA (OTCMKTS:CRRFY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.37, but opened at $3.25. Carrefour shares last traded at $3.27, with a volume of 12,653 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRRFY. DZ Bank upgraded shares of Carrefour from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Citigroup reissued a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carrefour has an average rating of “Moderate Buy”.

Carrefour Trading Down 1.2%

The stock’s 50-day moving average price is $3.21 and its 200-day moving average price is $3.06. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 1.02.

About Carrefour

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.