Colruyt (OTCMKTS:CUYTY) Shares Gap Down – What’s Next?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s share price gapped down prior to trading on Friday. The stock had previously closed at $10.94, but opened at $10.25. Colruyt shares last traded at $10.25, with a volume of 891 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CUYTY shares. Oddo Bhf upgraded shares of Colruyt to an “outperform” rating in a research note on Friday, June 12th. Royal Bank Of Canada assumed coverage on Colruyt in a report on Monday, July 6th. They issued a “hold” rating for the company. Finally, Zacks Research lowered Colruyt from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Colruyt currently has a consensus rating of “Hold”.

Colruyt Stock Performance

The company’s fifty day moving average price is $11.14 and its two-hundred day moving average price is $10.31. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.20.

Colruyt Company Profile

Colruyt Group is a Belgian retail and wholesale company headquartered in Halle, Belgium. The group operates food and non-food stores under several banners, including Colruyt Lowest Prices, OKay, Bio-Planet and Cru. Its retail offering includes groceries, fresh food, household products and other everyday consumer goods, with an emphasis on value, private-label products and organic selections.

Through its wholesale and foodservice activities, Colruyt Group supplies independent retailers, professional customers and hospitality businesses.