Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Down – Here’s What Happened

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) shares gapped down before the market opened on Thursday . The stock had previously closed at $30.18, but opened at $28.1010. Wal-Mart de Mexico SAB de CV shares last traded at $29.80, with a volume of 11,154 shares.

Analysts Set New Price Targets

Separately, Santander cut Wal-Mart de Mexico SAB de CV to a “neutral” rating in a research report on Monday, April 20th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Wal-Mart de Mexico SAB de CV Trading Down 2.2%

The company has a 50 day simple moving average of $32.01 and a 200 day simple moving average of $32.40. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $50.56 billion, a PE ratio of 18.73, a P/E/G ratio of 1.94 and a beta of 0.64.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $13.94 billion for the quarter, compared to analysts’ expectations of $14.27 billion. Wal-Mart de Mexico SAB de CV had a net margin of 4.94% and a return on equity of 22.98%. Analysts predict that Wal-Mart de Mexico SAB de CV will post 1.8 earnings per share for the current fiscal year.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México SAB de CV (OTCMKTS: WMMVY) is a leading Mexican retail company that operates a broad array of retail formats focused on serving everyday consumer needs. Its core activities include operating supermarkets, discount stores, membership warehouse clubs and related retail formats that sell groceries, perishables, household goods, apparel, electronics and general merchandise. The company also provides associated services commonly found in large retail chains, such as in-store pharmacies, basic financial and payment services, and e-commerce fulfillment to meet growing online demand.

The company’s operations are centered in Mexico and extend into several countries in Central America, where it serves urban and suburban consumers through a mix of neighborhood discount outlets, larger full-service supermarkets and membership-based warehouse clubs.