Grupo Bimbo (OTCMKTS:BMBOY) Sees Strong Trading Volume – Here’s What Happened

Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) saw unusually-high trading volume on Friday . Approximately 4,507 shares traded hands during mid-day trading, an increase of 131% from the previous session’s volume of 1,951 shares.The stock last traded at $13.8612 and had previously closed at $14.22.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Grupo Bimbo Trading Up 0.2%

The stock’s 50 day moving average is $13.58 and its 200 day moving average is $13.66. The company has a current ratio of 0.89, a quick ratio of 0.69 and a debt-to-equity ratio of 1.45.

About Grupo Bimbo

Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.

The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.