PriceSmart, Inc. (PSMT) Director Robert E. Price Sells 10,000 Shares
PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 10,000 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $65.31, for a total transaction of $653,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
PriceSmart stock opened at $66.21 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 1.40 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 27.25 and a beta of 1.09. PriceSmart, Inc. has a twelve month low of $64.46 and a twelve month high of $94.45.
PSMT has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. TheStreet downgraded shares of PriceSmart from a “b-” rating to a “c+” rating in a research note on Thursday, August 2nd. BidaskClub raised shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of PriceSmart from a “strong sell” rating to a “hold” rating in a research note on Monday, September 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $90.50.
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PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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