Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Down – Time to Sell?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) gapped down prior to trading on Thursday . The stock had previously closed at $9.32, but opened at $9.07. Grupo Mexico shares last traded at $9.07, with a volume of 5,000 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GMBXF shares. HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. Jefferies Financial Group cut Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Hsbc Global Res raised Grupo Mexico to a “hold” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group downgraded shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Grupo Mexico Trading Up 0.5%

The business has a 50-day moving average price of $8.60 and a 200 day moving average price of $7.28.

Grupo Mexico Company Profile

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.