Colruyt (OTCMKTS:CUYTY) Shares Gap Down – Should You Sell?

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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CUYTY. Zacks Research downgraded Colruyt from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Royal Bank Of Canada began coverage on shares of Colruyt in a research report on Monday, July 6th. They issued a “hold” rating on the stock. Finally, Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Colruyt Trading Down 4.6%

The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $10.18.

Colruyt Company Profile

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.