Almacenes Éxito (NYSE:EXTO) Shares Gap Up – Still a Buy?

Shares of Almacenes Éxito S.A. (NYSE:EXTO) gapped up before the market opened on Friday . The stock had previously closed at $3.80, but opened at $3.98. Almacenes Éxito shares last traded at $3.88, with a volume of 12,388 shares.

Almacenes Éxito Price Performance

The company has a quick ratio of 0.32, a current ratio of 0.73 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $4.19 and a 200-day moving average price of $4.30.

Almacenes Éxito Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, October 7th were paid a $0.037 dividend. This represents a $0.15 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Monday, October 7th.

Hedge Funds Weigh In On Almacenes Éxito

Several institutional investors and hedge funds have recently made changes to their positions in EXTO. Sanders Morris Harris LLC purchased a new stake in Almacenes Éxito during the second quarter valued at about $42,000. Kathmere Capital Management LLC purchased a new stake in Almacenes Éxito during the second quarter valued at about $71,000. HBK Sorce Advisory LLC purchased a new stake in Almacenes Éxito during the second quarter valued at about $77,000. O Shaughnessy Asset Management LLC purchased a new stake in Almacenes Éxito during the first quarter valued at about $205,000. Finally, Caprock Group LLC purchased a new stake in Almacenes Éxito during the second quarter valued at about $259,000.

Almacenes Éxito Company Profile

Almacenes Éxito SA operates as a retail commerce company in South America. The company operates a chain of retail stores primarily under the Éxito, Carulla, Surtimax, Super Inter, Surti Mayorista, Libertad, Mini Libertad, Devoto, Disco, and Géant brands. It is also involved in the online commerce activities.