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

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

Analysts Set New Price Targets

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

Grupo Bimbo Stock Performance

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

About Grupo Bimbo

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.