Carrefour (OTCMKTS:CRRFY) Sees Large Volume Increase – What’s Next?

Shares of Carrefour SA (OTCMKTS:CRRFY) saw unusually-high trading volume on Friday . Approximately 600,217 shares changed hands during mid-day trading, an increase of 173% from the previous session’s volume of 219,826 shares.The stock last traded at $3.78 and had previously closed at $3.76.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRRFY shares. Citigroup reaffirmed a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. Jefferies Financial Group lowered Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Carrefour Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $3.46 and a 200-day simple moving average of $3.19.

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.