B&M European Value Retail (OTCMKTS:BMRRY) Sees Strong Trading Volume – Here’s Why

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) saw unusually-high trading volume on Wednesday . Approximately 25,003 shares changed hands during trading, an increase of 1,729% from the previous session’s volume of 1,367 shares.The stock last traded at $8.61 and had previously closed at $8.8895.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BMRRY. Citigroup cut B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft downgraded B&M European Value Retail from a “buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Zacks Research cut shares of B&M European Value Retail from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

B&M European Value Retail Stock Up 3.3%

The business has a 50 day moving average price of $8.73 and a two-hundred day moving average price of $11.36.

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.