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

Shares of Carrefour SA (OTCMKTS:CRRFY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,506,799 shares changed hands during trading, an increase of 161% from the previous session's volume of 578,142 shares.The stock last traded at $2.87 and had previously closed at $2.89.

Wall Street Analyst Weigh In

Separately, Barclays reissued an "overweight" rating on shares of Carrefour in a research note on Wednesday, April 16th.

Carrefour Trading Down 0.7%

The firm has a fifty day moving average price of $3.07 and a two-hundred day moving average price of $2.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.63 and a current ratio of 0.88.

Carrefour Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 3rd were issued a $0.041 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 1.24%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.