Carrefour (OTCMKTS:CRRFY) Sees Strong Trading Volume – What’s Next?

Carrefour SA (OTCMKTS:CRRFYGet Free Report) saw unusually-high trading volume on Thursday . Approximately 911,494 shares changed hands during trading, an increase of 231% from the previous session’s volume of 275,378 shares.The stock last traded at $3.5450 and had previously closed at $3.54.

Wall Street Analyst Weigh In

CRRFY has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. Jefferies Financial Group lowered Carrefour from a “buy” rating to a “hold” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Carrefour presently has a consensus rating of “Buy”.

Read Our Latest Research Report on Carrefour

Carrefour Price Performance

The company’s 50 day simple moving average is $3.47 and its 200 day simple moving average is $3.20. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 1.02.

About Carrefour

(Get Free Report)

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.

Further Reading

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