Zacks Research Downgrades Colruyt (OTCMKTS:CUYTY) to Strong Sell

Key Points

• Zacks Research has downgraded Colruyt from a "hold" rating to a "strong sell" rating, signaling a negative outlook for investors.
• Colruyt's stock opened at $11.19, with a notable one-year range between $9.26 and $12.05.
• The company operates in retail, wholesale, and food service industries across Belgium, France, Luxembourg, and internationally.

Colruyt (OTCMKTS:CUYTY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Thursday,Zacks.com reports.

Colruyt Price Performance

Colruyt stock opened at $11.19 on Thursday. The stock has a 50-day moving average of $11.02 and a two-hundred day moving average of $10.69. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Colruyt has a one year low of $9.26 and a one year high of $12.05.

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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