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

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $11.5150, but opened at $10.98. Colruyt shares last traded at $10.98, with a volume of 1,500 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CUYTY. Royal Bank Of Canada initiated coverage on Colruyt in a report on Monday, July 6th. They set a “hold” rating on the stock. Oddo Bhf upgraded Colruyt to an “outperform” rating in a research report on Friday, June 12th. Finally, Zacks Research lowered Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Colruyt Stock Performance

The business’s fifty day moving average price is $11.10 and its 200 day moving average price is $10.20. 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 NV is a Belgian retail and wholesale company best known for operating Colruyt supermarkets, which emphasize a low-price strategy and a broad range of food, household and personal-care products. The group also operates OKay convenience supermarkets and Bio-Planet organic food stores, as well as specialty retail formats serving areas such as toys, baby products and home goods.

In addition to its retail activities, Colruyt Group supplies professional customers through Solucious, its food-service and wholesale business.