Grupo Bimbo (OTCMKTS:BMBOY) Trading Up 2.5% – Here’s What Happened

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY)’s stock price shot up 2.5% during trading on Friday . The company traded as high as $14.15 and last traded at $14.15. Approximately 135 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,457 shares. The stock had previously closed at $13.80.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Grupo Bimbo presently has an average rating of “Moderate Buy”.

Grupo Bimbo Trading Up 2.5%

The company has a current ratio of 0.89, a quick ratio of 0.69 and a debt-to-equity ratio of 1.45. The business has a fifty day moving average of $13.53 and a 200-day moving average of $13.69.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.

The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.