Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Up – Here’s Why

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $31.23, but opened at $31.9460. Wal-Mart de Mexico SAB de CV shares last traded at $31.16, with a volume of 16,825 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded Wal-Mart de Mexico SAB de CV from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Wal-Mart de Mexico SAB de CV Trading Down 0.4%

The business’s 50-day simple moving average is $32.93 and its 200-day simple moving average is $31.59. The company has a market cap of $54.27 billion, a PE ratio of 21.16, a P/E/G ratio of 5.67 and a beta of 0.80. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Wal-Mart de Mexico SAB de CV had a return on equity of 21.45% and a net margin of 5.03%.The company had revenue of $13.14 billion during the quarter, compared to analyst estimates of $245.04 billion. As a group, analysts expect that Wal-Mart de Mexico SAB de CV will post 1.68 EPS 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.