Colruyt (OTCMKTS:CUYTY) Shares Gap Down - Should You Sell?

Key Points

• Colruyt shares gapped down from a previous close of $9.90 to an opening price of $9.45 on Thursday, indicating a 4.5% decline.
• Zacks Research downgraded Colruyt's rating from "hold" to "strong sell", contributing to an overall average rating of "sell" for the stock.
• The company announced a dividend of $0.2137 per share, with an impressive 191.0% dividend yield, payable on October 15th.

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $9.90, but opened at $9.45. Colruyt shares last traded at $9.45, with a volume of 150 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut Colruyt from a "hold" rating to a "strong sell" rating in a report on Thursday, September 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Colruyt has an average rating of "Sell".

Colruyt Trading Down 4.5%

The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $11.02 and a 200-day simple moving average of $10.71.

Colruyt Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.2137 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a dividend yield of 191.0%.

About Colruyt

Colruyt Group N.V., together with its subsidiaries, engages in the retail, wholesale, food service, and other activities in Belgium, France, Luxembourg, and internationally. It operates through three segments: Retail, Wholesale and Foodservice, and Other Activities. The company provides groceries, fresh products, dry products, and frozen and non-food products; and operates CNG, hydrogen filling, and charging 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.