Carrefour (OTCMKTS:CRRFY) Sees Large Volume Increase – Time to Buy?

Carrefour SA (OTCMKTS:CRRFY) shares saw unusually-strong trading volume on Friday . Approximately 774,356 shares traded hands during mid-day trading, an increase of 167% from the previous session’s volume of 289,488 shares.The stock last traded at $3.87 and had previously closed at $4.01.

Analysts Set New Price Targets

Several equities analysts have weighed in on CRRFY shares. Oddo Bhf upgraded shares of Carrefour to a “neutral” rating in a report on Thursday, April 23rd. Jefferies Financial Group lowered shares of Carrefour from a “buy” rating to a “hold” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Carrefour presently has a consensus rating of “Moderate Buy”.

Carrefour Trading Down 4.0%

The firm’s fifty day moving average price is $3.85 and its 200 day moving average price is $3.52. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83.

About Carrefour

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.