Woolworths (OTCMKTS:WLWHY) Shares Gap Down – Should You Sell?

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY – Get Free Report)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $2.56, but opened at $2.3388. Woolworths shares last traded at $2.49, with a volume of 7,450 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Woolworths from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on Woolworths

Woolworths Price Performance

The business’s fifty day simple moving average is $2.57 and its 200 day simple moving average is $3.13. The company has a quick ratio of 0.41, a current ratio of 1.11 and a debt-to-equity ratio of 0.84.

About Woolworths

(Get Free Report)

Woolworths Group Limited is an Australian retail company that operates food and general merchandise businesses in Australia and New Zealand. Its principal Australian food brands include Woolworths supermarkets and Woolworths Metro convenience-format stores, which sell groceries, fresh food, household products and related consumer goods through physical stores and online channels.

In New Zealand, the company operates Woolworths New Zealand, a supermarket business formerly known as Countdown.

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