Grupo Bimbo (OTCMKTS:BMBOY) Sees Large Volume Increase – Time to Buy?

Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) saw unusually-strong trading volume on Friday . 4,507 shares traded hands during trading, an increase of 131% from the previous session’s volume of 1,951 shares.The stock last traded at $13.8612 and had previously closed at $14.22.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Grupo Bimbo Stock Up 0.2%

The firm’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $13.66. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.45.

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.