Carrefour (OTCMKTS:CRRFY) Sees Large Volume Increase – Should You Buy?

Shares of Carrefour SA (OTCMKTS:CRRFY) saw an uptick in trading volume on Wednesday . 531,620 shares traded hands during trading, an increase of 87% from the previous session’s volume of 284,148 shares.The stock last traded at $4.10 and had previously closed at $4.00.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Oddo Bhf upgraded shares of Carrefour to a “neutral” rating in a research report on Thursday, April 23rd. Jefferies Financial Group lowered shares of Carrefour from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Carrefour Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $3.79 and its 200 day simple moving average is $3.48.

Carrefour Company Profile

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.