Carrefour (OTCMKTS:CRRFY) Shares Up 0.4% – Should You Buy?

Carrefour SA (OTCMKTS:CRRFY)’s stock price traded up 0.4% during mid-day trading on Thursday . The stock traded as high as $3.6547 and last traded at $3.62. 203,661 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 480,733 shares. The stock had previously closed at $3.6050.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CRRFY shares. Jefferies Financial Group downgraded Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Citigroup restated a “buy” rating on shares of Carrefour in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Carrefour has an average rating of “Buy”.

Carrefour Stock Up 0.4%

The firm’s fifty day moving average is $3.55 and its 200 day moving average is $3.27. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87.

About Carrefour

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.