Carrefour (OTCMKTS:CRRFY) Sees Strong Trading Volume – Should You Buy?

Carrefour SA (OTCMKTS:CRRFY) saw strong trading volume on Wednesday . 531,620 shares were traded 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.

Wall Street Analyst Weigh In

CRRFY has been the topic of several recent research reports. Oddo Bhf upgraded Carrefour to a “neutral” rating in a report on Thursday, April 23rd. Jefferies Financial Group lowered Carrefour from a “buy” rating to a “hold” rating in a report on Friday, January 30th. One 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.com, the stock currently has an average rating of “Moderate Buy”.

Carrefour Trading Up 1.8%

The firm’s fifty day moving average price is $3.78 and its 200 day moving average price is $3.46. 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.