Grupo Bimbo (OTCMKTS:GRBMF) Trading Up 0% – Here’s Why

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF)’s stock price was up 0% during mid-day trading on Friday . The stock traded as high as $3.5180 and last traded at $3.5180. Approximately 1,000 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,917 shares. The stock had previously closed at $3.5175.

Analyst Upgrades and Downgrades

Separately, Santander downgraded shares of Grupo Bimbo to a “neutral” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Grupo Bimbo Price Performance

The company’s 50 day simple moving average is $3.28 and its 200 day simple moving average is $3.21.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. is a leading global bakery company headquartered in Mexico City. Established in 1945, the company specializes in the production, distribution and marketing of fresh and packaged bakery products, including bread, rolls, cakes, cookies and tortillas. Its diverse product portfolio also extends to snacks, confectionery items and ready-to-eat baked goods, serving both retail and foodservice channels across multiple markets.

Over the decades, Grupo Bimbo has grown through strategic acquisitions and organic expansion, integrating well-known brands such as Bimbo, Marinela, Entenmann’s, Sara Lee, Thomas’, Arnold and Oroweat into its portfolio.