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

Shares of B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) gapped down before the market opened on Wednesday . The stock had previously closed at $13.07, but opened at $12.28. B&M European Value Retail shares last traded at $12.28, with a volume of 331 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BMRRY shares. Sanford C. Bernstein began coverage on shares of B&M European Value Retail in a research report on Friday, May 15th. They issued an “underperform” rating on the stock. Zacks Research raised shares of B&M European Value Retail from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Panmure Gordon lowered shares of B&M European Value Retail to a “hold” rating in a research note on Wednesday, July 15th. Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded B&M European Value Retail from a “sell” rating to a “hold” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, B&M European Value Retail has a consensus rating of “Reduce”.

B&M European Value Retail Stock Performance

The company has a quick ratio of 0.48, a current ratio of 1.42 and a debt-to-equity ratio of 2.78. The business has a 50 day simple moving average of $11.76 and a 200-day simple moving average of $10.33.

About B&M European Value Retail

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.