Carrefour (OTCMKTS:CRRFY) Shares Gap Down - Should You Sell?

Shares of Carrefour SA (OTCMKTS:CRRFY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $3.02, but opened at $2.83. Carrefour shares last traded at $2.78, with a volume of 25,177 shares trading hands.

Analyst Upgrades and Downgrades

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

Carrefour Stock Down 7.6%

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.88 and a quick ratio of 0.63. The firm's fifty day moving average price is $3.12 and its 200-day moving average price is $2.91.

Carrefour Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.041 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend 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.