Colruyt (OTCMKTS:CUYTY) Rating Lowered to “Hold” at Zacks Research

Colruyt (OTCMKTS:CUYTY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

CUYTY has been the topic of several other research reports. Sanford C. Bernstein began coverage on Colruyt in a report on Friday, May 15th. They set a “market perform” rating on the stock. Royal Bank Of Canada began coverage on shares of Colruyt in a research note on Monday, July 6th. They issued a “hold” rating for the company. Finally, Oddo Bhf raised shares of Colruyt to an “outperform” rating in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Colruyt Stock Down 2.5%

CUYTY opened at $10.82 on Monday. The business has a 50 day moving average price of $10.60 and a 200 day moving average price of $9.89. Colruyt has a twelve month low of $9.34 and a twelve month high of $11.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87.

Colruyt Company Profile

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.