Colruyt (OTCMKTS:CUYTY) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s stock price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.10 and traded as low as $10.00. Colruyt shares last traded at $10.00, with a volume of 500 shares traded.

Wall Street Analysts Forecast Growth

CUYTY has been the topic of several recent research reports. Zacks Research cut Colruyt from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. UBS Group cut Colruyt from a “buy” rating to a “sell” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Colruyt Price Performance

The business’s 50 day moving average is $10.63 and its 200-day moving average is $10.11. 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 NV is a Belgian retail and wholesale company best known for its Colruyt Lowest Prices supermarket chain. The group sells food, household products and other everyday consumer goods through a network of supermarkets and specialty stores, as well as through online channels. Its retail portfolio has also included the OKay and Bio-Planet supermarket formats and businesses focused on toys and baby products.

In addition to food retail, Colruyt Group operates wholesale and food-service activities, supplying independent retailers, professional customers and hospitality businesses.