Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Reaches New 52-Week Low – What’s Next?

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) hit a new 52-week low during trading on Monday . The stock traded as low as $26.20 and last traded at $26.70, with a volume of 3315 shares trading hands. The stock had previously closed at $26.8997.

Analyst Ratings Changes

Separately, HSBC cut shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 target price for the company. in a report on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $42.00.

Wal-Mart de Mexico SAB de CV Stock Performance

The stock has a fifty day simple moving average of $27.90 and a 200 day simple moving average of $30.05. The firm has a market cap of $45.53 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 5.83 and a beta of 0.63.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%.The firm had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.32 billion. Research analysts predict that Wal-Mart de Mexico SAB de CV will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On Wal-Mart de Mexico SAB de CV

A hedge fund recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. grew its position in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,703 shares of the company’s stock after buying an additional 16,289 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Wal-Mart de Mexico SAB de CV were worth $16,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V., commonly known as Walmart de México y Centroamérica or Walmex, is a retail company that operates a portfolio of stores across Mexico and Central America. It serves consumers through a range of formats, including Walmart and Walmart Express supermarkets, Bodega Aurrera discount stores, and Sam’s Club membership warehouses.

The company sells groceries, fresh foods, household goods, apparel, electronics, general merchandise, and other consumer products. Its business also includes e-commerce and digital shopping services, supported by store-based fulfillment and delivery capabilities.