Carrefour (OTCMKTS:CRRFY) Sees Large Volume Increase – Still a Buy?

Shares of Carrefour SA (OTCMKTS:CRRFY) saw unusually-strong trading volume on Thursday. 2,306,474 shares were traded during trading, an increase of 652% from the previous session’s volume of 306,864 shares. The stock last traded at $3.13 and had previously closed at $3.17.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRRFY. Royal Bank Of Canada assumed coverage on shares of Carrefour in a report on Monday, July 6th. They set a “moderate buy” rating on the stock. UBS Group cut shares of Carrefour from a “buy” rating to a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Carrefour currently has a consensus rating of “Moderate Buy”.

Carrefour Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $3.72 and a two-hundred day moving average price of $3.76.

About Carrefour

Carrefour SA is a France-based multinational food retailer operating hypermarkets, supermarkets, convenience stores, cash-and-carry outlets and e-commerce platforms. The company sells groceries, fresh food, household goods, personal-care products, apparel and other nonfood merchandise through its stores and digital channels.

Founded in 1959, Carrefour opened its first hypermarket in Sainte-Geneviève-des-Bois, France, in 1960. It has since developed a broad retail network supported by company-operated, franchised and partnered stores, as well as private-label brands and customer loyalty services.

Carrefour’s principal markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil and Argentina, with additional international reach through franchise and partnership arrangements.