Carrefour (OTCMKTS:CRRFY) Sets New 12-Month High – Here’s What Happened

Carrefour SA (OTCMKTS:CRRFY)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.11 and last traded at $4.09, with a volume of 1098429 shares traded. The stock had previously closed at $4.00.

Wall Street Analysts Forecast Growth

CRRFY has been the subject of several recent research reports. Oddo Bhf raised 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Carrefour Stock Up 2.3%

The firm’s 50-day moving average price is $3.78 and its 200-day moving average price is $3.47. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83.

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.