Colruyt (OTCMKTS:CUYTY) Hits New 1-Year High – Here’s What Happened

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) shares hit a new 52-week high on Tuesday . The stock traded as high as $10.8332 and last traded at $10.8332, with a volume of 533 shares trading hands. The stock had previously closed at $10.51.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Oddo Bhf raised Colruyt to an “outperform” rating in a research note on Friday, June 12th. Royal Bank Of Canada began coverage on Colruyt in a research note on Monday, July 6th. They issued a “hold” rating for the company. Zacks Research upgraded Colruyt from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Sanford C. Bernstein assumed coverage on Colruyt in a research note on Friday, May 15th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Colruyt Trading Up 3.1%

The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $9.87 and a 200 day moving average price of $9.60.

About Colruyt

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.