Credit Agricole (OTCMKTS:CRARY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Credit Agricole's trading volume surged by 61% to approximately 398,096 shares on Monday, marking a significant increase from the previous session.
• Analysts from Keefe, Bruyette & Woods downgraded Credit Agricole's rating from "hold" to "moderate sell" on August 21st.
• The company reported $0.42 earnings per share for the last quarter, exceeding expectations by $0.06, with a net margin of 26.77%.

Credit Agricole SA (OTCMKTS:CRARY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 398,096 shares were traded during trading, an increase of 61% from the previous session's volume of 246,860 shares.The stock last traded at $9.29 and had previously closed at $9.15.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods downgraded Credit Agricole from a "hold" rating to a "moderate sell" rating in a research report on Thursday, August 21st.

Credit Agricole Stock Performance

The stock's 50 day moving average is $9.44 and its 200 day moving average is $9.21. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 5.92. The firm has a market cap of $56.16 billion, a price-to-earnings ratio of 7.37 and a beta of 1.05.

Credit Agricole (OTCMKTS:CRARY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. Credit Agricole had a net margin of 26.77% and a return on equity of 27.20%.

Credit Agricole Company Profile

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking - LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.

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