Carrefour (OTCMKTS:CRRFY) Shares Gap Down – What’s Next?

Shares of Carrefour SA (OTCMKTS:CRRFY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.89, but opened at $3.71. Carrefour shares last traded at $3.73, with a volume of 94,997 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Oddo Bhf upgraded Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. Jefferies Financial Group downgraded Carrefour from a “buy” rating to a “hold” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Carrefour Trading Down 4.6%

The stock has a 50 day moving average price of $3.86 and a 200-day moving average price of $3.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63.

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.