Tesco (OTCMKTS:TSCDY) Shares Gap Down - Should You Sell?

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.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report) gapped down before the market opened 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 Ratings Changes

A number of brokerages have recently issued reports on TSCDY. Morgan Stanley reaffirmed an "overweight" rating on shares of Tesco in a research report on Tuesday, June 3rd. Zacks Research raised Tesco to a "hold" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Tesco Stock Performance

The stock's fifty day simple moving average is $16.83 and its two-hundred day simple moving average is $15.31. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

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.

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