B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Down – Here’s Why

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.23, but opened at $8.85. B&M European Value Retail shares last traded at $8.85, with a volume of 460 shares changing hands.

Wall Street Analyst Weigh In

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

B&M European Value Retail Stock Performance

The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 3.13. The business’s fifty day simple moving average is $8.73 and its 200-day simple moving average is $11.27.

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.