Carrefour (OTCMKTS:CRRFY) Hits New 1-Year Low – Here’s Why

Shares of Carrefour SA (OTCMKTS:CRRFY) reached a new 52-week low on Tuesday . The company traded as low as $2.70 and last traded at $2.77, with a volume of 310152 shares changing hands. The stock had previously closed at $2.84.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRRFY. BNP Paribas cut shares of Carrefour from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 22nd. Hsbc Global Res downgraded shares of Carrefour from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st.

Carrefour Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.85 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $2.82 and its 200-day moving average price is $3.07.

About Carrefour

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.