Carrefour (OTCMKTS:CRRFY) Reaches New 12-Month Low – Here’s Why

Carrefour SA (OTCMKTS:CRRFY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.68 and last traded at $2.68, with a volume of 500626 shares trading hands. The stock had previously closed at $2.82.

Analysts Set New Price Targets

CRRFY has been the topic of several recent analyst reports. Hsbc Global Res cut Carrefour from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. BNP Paribas downgraded Carrefour from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 22nd.

Carrefour Price Performance

The company’s 50-day moving average price is $2.81 and its two-hundred day moving average price is $3.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.60 and a current ratio of 0.85.

About Carrefour

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.