Colruyt (OTCMKTS:CUYTY) Reaches New 12-Month High – Time to Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $11.4250 and last traded at $11.4250, with a volume of 1069 shares changing hands. The stock had previously closed at $11.0750.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CUYTY shares. Royal Bank Of Canada assumed coverage on Colruyt in a report on Monday, July 6th. They set a “hold” rating on the stock. Zacks Research upgraded shares of Colruyt from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Sanford C. Bernstein started coverage on shares of Colruyt in a research report on Friday, May 15th. They issued a “market perform” rating on the stock. Finally, Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Colruyt has an average rating of “Hold”.

Colruyt Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87. The firm’s fifty day simple moving average is $10.34 and its 200 day simple moving average is $9.78.

About Colruyt

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.