Credit Agricole (OTCMKTS:CRARY) Shares Down 4.2% – Here’s Why

Shares of Credit Agricole SA (OTCMKTS:CRARY) dropped 4.2% during mid-day trading on Thursday . The company traded as low as $10.57 and last traded at $10.5770. Approximately 19,971 shares traded hands during trading, a decline of 92% from the average daily volume of 238,157 shares. The stock had previously closed at $11.04.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Credit Agricole Stock Performance

The firm has a market capitalization of $64.09 billion, a PE ratio of 9.46 and a beta of 0.65. The company’s fifty day moving average price is $10.55 and its two-hundred day moving average price is $10.13. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $7.99 billion. Credit Agricole had a net margin of 23.39% and a return on equity of 23.73%. As a group, equities analysts expect that Credit Agricole SA will post 1.34 earnings per share for the current year.

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.