Colruyt (OTCMKTS:CUYTY) Shares Gap Down – Here’s What Happened

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $10.25, but opened at $9.3335. Colruyt shares last traded at $9.3335, with a volume of 133 shares changing hands.

Analyst Upgrades and Downgrades

CUYTY has been the topic of several recent research reports. Royal Bank Of Canada assumed coverage on shares of Colruyt in a report on Monday, July 6th. They set a “hold” rating on the stock. Zacks Research downgraded shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, UBS Group downgraded shares of Colruyt from a “buy” rating to a “sell” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Colruyt Stock Performance

The firm has a 50-day moving average of $10.95 and a 200-day moving average of $10.33. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20.

Colruyt Company Profile

Colruyt Group is a Belgian retail and wholesale company headquartered in Halle, Belgium. The group operates food and non-food stores under several banners, including Colruyt Lowest Prices, OKay, Bio-Planet and Cru. Its retail offering includes groceries, fresh food, household products and other everyday consumer goods, with an emphasis on value, private-label products and organic selections.

Through its wholesale and foodservice activities, Colruyt Group supplies independent retailers, professional customers and hospitality businesses.