Colruyt (OTCMKTS:CUYTY) Hits New 12-Month High – Still a Buy?

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.5150 and last traded at $11.5150, with a volume of 1179 shares. The stock had previously closed at $11.2250.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CUYTY. Sanford C. Bernstein assumed coverage on Colruyt in a report on Friday, May 15th. They issued a “market perform” rating on the stock. Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research note on Friday, June 12th. Royal Bank Of Canada initiated coverage on shares of Colruyt in a research report on Monday, July 6th. They set a “hold” rating for the company. Finally, Zacks Research cut shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Colruyt presently has an average rating of “Hold”.

Colruyt Stock Up 2.6%

The business’s 50 day moving average is $10.72 and its two-hundred day moving average is $9.95. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.20.

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.