Colruyt (OTCMKTS:CUYTY) Stock Price Up 0% - Should You Buy?

Key Points

• Colruyt (OTCMKTS:CUYTY) stock remained stable, trading at $9.35, with a significant decline in trading volume, dropping to 40 shares during mid-day.
• Zacks Research has downgraded Colruyt's rating from "hold" to "strong sell", reflecting a bearish outlook with a consensus rating of "Sell" from analysts.
• The company recently announced a dividend of $0.2137 per share, yielding an impressive 191.0%, highlighting strong returns for shareholders despite the negative ratings.

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY - Get Free Report) shot up 0% during mid-day trading on Monday . The stock traded as high as $9.35 and last traded at $9.35. 40 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 59 shares. The stock had previously closed at $9.35.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Colruyt from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".

Colruyt Trading Up 0.0%

The company has a quick ratio of 0.57, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $10.62 and a 200-day moving average of $10.64.

Colruyt Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, October 7th were issued a $0.2137 dividend. The ex-dividend date was Monday, October 6th. This represents a yield of 191.0%.

Colruyt Company Profile

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.

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