Woolworths (OTCMKTS:WLWHY) Shares Gap Down – Here’s Why

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY) gapped down before the market opened on Wednesday . The stock had previously closed at $3.7950, but opened at $3.48. Woolworths shares last traded at $3.4676, with a volume of 3,007 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Woolworths to a “strong-buy” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Woolworths Price Performance

The company has a quick ratio of 0.48, a current ratio of 1.20 and a debt-to-equity ratio of 0.87. The business has a 50 day simple moving average of $3.52 and a 200 day simple moving average of $3.27.

About Woolworths

Woolworths Group Limited (OTCMKTS:WLWHY) is one of Australia’s leading retailing companies, offering a broad range of food, everyday goods and general merchandise to consumers across Australia and New Zealand. Headquartered in Bella Vista, New South Wales, the company operates flagship supermarket brands that focus on fresh produce, grocery items and household essentials. Its retail network includes both large-format stores and smaller urban formats designed to meet diverse customer needs.

The group’s core operations are divided into supermarkets and distribution, which supply fresh food, dry groceries and general merchandise; the Big W division, which offers apparel, entertainment, home goods and toys; and digital platforms that enable online grocery shopping and click-and-collect services.