Woolworths (OTCMKTS:WLWHY) Shares Gap Up – Here’s Why

Shares of Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $2.41, but opened at $2.60. Woolworths shares last traded at $2.60, with a volume of 1,511 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Woolworths from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Woolworths presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on WLWHY

Woolworths Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.11 and a quick ratio of 0.41. The company has a 50-day moving average price of $2.69 and a two-hundred day moving average price of $3.03.

About Woolworths

(Get Free Report)

Woolworths Group Limited is an Australia-based retail company that operates supermarkets, convenience stores and general merchandise businesses. Its Australian food operations trade primarily under the Woolworths and Woolworths Metro brands, offering groceries, fresh food, household products and everyday essentials through physical stores and online channels.

The group also operates food retail businesses in New Zealand under the Woolworths brand, following the rebranding of its Countdown supermarkets.

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