Carrefour (OTCMKTS:CRRFY) Shares Gap Down – Here’s What Happened

Shares of Carrefour SA (OTCMKTS:CRRFY) gapped down before the market opened on Wednesday . The stock had previously closed at $3.75, but opened at $3.47. Carrefour shares last traded at $3.49, with a volume of 29,379 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Carrefour from a “buy” rating to a “hold” rating in a report on Friday, January 30th. DZ Bank upgraded shares of Carrefour from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Citigroup reiterated a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Carrefour Stock Down 4.1%

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.90. The business’s 50 day moving average is $3.40 and its two-hundred day moving average is $3.15.

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.