Colruyt (OTCMKTS:CUYTY) Shares Gap Up – Should You Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) shares gapped up before the market opened on Wednesday. The stock had previously closed at $9.3335, but opened at $9.6610. Colruyt shares last traded at $9.6610, with a volume of 283 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on Colruyt in a research report on Monday, July 6th. They issued a “hold” rating on the stock. UBS Group lowered Colruyt from a “buy” rating to a “sell” rating in a report on Monday, October 5th. Finally, Zacks Research cut Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Colruyt currently has a consensus rating of “Reduce”.

Colruyt Stock Performance

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

About Colruyt

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.