Carrefour (OTCMKTS:CRRFY) Stock Falls 4.1% – What’s Next?

Carrefour SA (OTCMKTS:CRRFY)’s share price fell 4.1% during trading on Tuesday. The stock traded as low as $3.55 and last traded at $3.55. 105,216 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 292,526 shares. The stock had previously closed at $3.70.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank Of Canada initiated coverage on Carrefour in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. UBS Group cut shares of Carrefour from a “buy” rating to a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carrefour has a consensus rating of “Moderate Buy”.

Carrefour Stock Down 7.6%

The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $3.72 and a 200-day moving average of $3.76.

About Carrefour

Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.

Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.

Carrefour’s principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.