Woolworths (OTCMKTS:WLWHY) Shares Gap Up - Should You Buy?

Key Points

• Woolworths shares gapped up 17.5% to $3.86 from $3.285 before trading, though the move occurred on very light volume (127 shares).
• Goldman Sachs upgraded Woolworths to a Strong Buy, and MarketBeat shows a consensus rating of Strong Buy.
• Technicals and fundamentals: the stock sits above its 50- and 200-day SMAs ($3.58 and $3.38), with modest liquidity (quick ratio 0.48, current ratio 1.20) and a debt-to-equity of 0.87.

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.2850, but opened at $3.86. Woolworths shares last traded at $3.86, with a volume of 127 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Woolworths to a "strong-buy" rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Woolworths Trading Up 17.5%

The firm has a 50 day simple moving average of $3.58 and a two-hundred day simple moving average of $3.38. The company has a quick ratio of 0.48, a current ratio of 1.20 and a debt-to-equity ratio of 0.87.

Woolworths Company Profile

Woolworths Group Limited OTCMKTS: WLWHY is one of Australia's leading retailing companies, offering a broad range of food, everyday goods and general merchandise to consumers across Australia and New Zealand. Headquartered in Bella Vista, New South Wales, the company operates flagship supermarket brands that focus on fresh produce, grocery items and household essentials. Its retail network includes both large-format stores and smaller urban formats designed to meet diverse customer needs.

The group's core operations are divided into supermarkets and distribution, which supply fresh food, dry groceries and general merchandise; the Big W division, which offers apparel, entertainment, home goods and toys; and digital platforms that enable online grocery shopping and click-and-collect services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.