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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $9.37, but opened at $8.95. B&M European Value Retail shares last traded at $8.89, with a volume of 38,663 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of B&M European Value Retail from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Citigroup downgraded shares of B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Zacks Research upgraded B&M European Value Retail from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

B&M European Value Retail Stock Down 5.3%

The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.13. The business’s 50-day simple moving average is $8.79 and its 200-day simple moving average is $10.95.

B&M European Value Retail Company Profile

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.