B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Down – Here’s Why

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) gapped down before the market opened on Wednesday . The stock had previously closed at $10.84, but opened at $10.3425. B&M European Value Retail shares last traded at $10.3425, with a volume of 2,001 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research cut B&M European Value Retail from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Sanford C. Bernstein started coverage on shares of B&M European Value Retail in a research note on Friday, May 15th. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of B&M European Value Retail in a report on Wednesday, June 10th. Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, June 11th. Finally, Panmure Gordon cut shares of B&M European Value Retail to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.

B&M European Value Retail Stock Down 4.6%

The business has a 50-day moving average of $9.89 and a 200 day moving average of $9.54. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.42 and a quick ratio of 0.48.

About B&M European Value Retail

B&M European Value Retail is a leading discount variety retailer operating primarily in the United Kingdom and France. The company’s stores offer a broad assortment of value-focused merchandise, including groceries, health and beauty products, toys, seasonal items, homewares, DIY and gardening supplies, and pet care. By sourcing products directly from manufacturers and maintaining a lean cost structure, B&M aims to deliver everyday low prices to its customers.

Headquartered in Liverpool, England, B&M traces its origins back to the late 1970s and has grown through a combination of organic expansion and strategic acquisitions.