Colruyt (OTCMKTS:CUYTY) Stock Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) shares passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.10 and traded as low as $10.00. Colruyt shares last traded at $10.00, with a volume of 500 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CUYTY. Zacks Research downgraded shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group lowered Colruyt from a “buy” rating to a “sell” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Colruyt currently has an average rating of “Reduce”.

Colruyt Stock Performance

The business’s fifty day moving average price is $10.69 and its 200 day moving average price is $10.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57.

Colruyt Company Profile

Colruyt Group NV is a Belgian retail and wholesale company best known for its Colruyt Lowest Prices supermarket chain. The group sells food, household products and other everyday consumer goods through a network of supermarkets and specialty stores, as well as through online channels. Its retail portfolio has also included the OKay and Bio-Planet supermarket formats and businesses focused on toys and baby products.

In addition to food retail, Colruyt Group operates wholesale and food-service activities, supplying independent retailers, professional customers and hospitality businesses.