Avolta (OTCMKTS:DUFRY) Shares Gap Up – Here’s Why

Avolta AG – Unsponsored ADR (OTCMKTS:DUFRY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $6.2560, but opened at $6.72. Avolta shares last traded at $6.72, with a volume of 1,838 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Avolta from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Avolta Stock Performance

The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 1.85. The business has a 50 day simple moving average of $6.01 and a 200-day simple moving average of $5.65.

Avolta Company Profile

Avolta AG operates as a travel retailer. The company’s retail brands include general travel retail shops under the Dufry, World Duty Free, Nuance, Hellenic Duty Free, Zurich Duty-Free or Stockholm Duty-Free, Autogrill, and HMSHost brands; Dufry shopping stores; brand boutiques; convenience stores primarily under the Hudson brand; and specialized shops and theme stores. It offers perfumes and cosmetics, food and confectionery, wines and spirits, watches and jewelry, fashion and leather, tobacco goods, souvenirs, electronics, soft drinks, packaged food, travel accessories, personal items, sunglasses, destination, and other products, as well as newspapers, magazines, and books.