Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Down – Here’s What Happened

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $9.32, but opened at $9.07. Grupo Mexico shares last traded at $9.07, with a volume of 5,000 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on GMBXF shares. The Goldman Sachs Group cut Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a report on Monday, October 6th. HSBC restated a “hold” rating on shares of Grupo Mexico in a report on Friday, October 17th. Finally, Jefferies Financial Group downgraded shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Grupo Mexico Stock Up 0.5%

The company has a fifty day simple moving average of $8.60 and a 200 day simple moving average of $7.28.

About Grupo Mexico

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.