Tesco (OTCMKTS:TSCDY) Shares Gap Down - Here's Why

Key Points

• Tesco PLC shares experienced a significant drop, opening at $16.60 after previously closing at $17.47, with the last trade at $17.51.
• The stock has a consensus rating of "Moderate Buy" according to recent analyst ratings, with various brokerages expressing mixed views on its future.
• Key financial metrics indicate some instability, with a current ratio of 0.64 and a quick ratio of 0.44, raising questions about the company's liquidity position.

Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $17.47, but opened at $16.60. Tesco shares last traded at $17.51, with a volume of 1,868 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Zacks Research upgraded Tesco to a "hold" rating in a research note on Tuesday, August 12th. Barclays restated an "overweight" rating on shares of Tesco in a research note on Tuesday. Finally, Morgan Stanley restated an "overweight" rating on shares of Tesco in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Tesco Stock Performance

The business has a 50-day moving average of $16.94 and a two-hundred day moving average of $15.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.64.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.