Colruyt (OTCMKTS:CUYTY) Shares Gap Up – Time to Buy?

Shares of Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) gapped up prior to trading on Friday. The stock had previously closed at $10.00, but opened at $10.57. Colruyt shares last traded at $10.57, with a volume of 2,500 shares changing hands.

Wall Street Analysts Forecast Growth

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

Colruyt Stock Performance

The firm has a fifty day moving average of $10.51 and a 200 day moving average of $10.12. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.20.

About Colruyt

Colruyt Group is a Belgian retail and wholesale company best known for its Colruyt discount supermarkets, which sell groceries and everyday household products. Its other retail formats include Okay convenience stores and Bio-Planet organic supermarkets, alongside online shopping services. The company traces its origins to a grocery wholesale business founded by Franz Colruyt in Belgium in 1928. Today, its activities span food retail, wholesale and food service, with operations centered on Belgium and extending into France and Luxembourg.