Grupo Bimbo (OTCMKTS:BMBOY) Shares Gap Down – Here’s Why

Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) gapped down before the market opened on Wednesday . The stock had previously closed at $13.9568, but opened at $13.31. Grupo Bimbo shares last traded at $13.3028, with a volume of 1,766 shares traded.

Grupo Bimbo Stock Performance

The firm’s fifty day simple moving average is $13.77 and its two-hundred day simple moving average is $13.54. 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 Mexico-based multinational food company and one of the world’s largest baking companies. Founded in Mexico City in 1945, the company produces, distributes and markets a broad range of baked and packaged foods for retail, foodservice and other customers.

Its products include sliced bread, buns, rolls, pastries, cakes, cookies, tortillas, toast products and snack foods. Grupo Bimbo sells products under brands that include Bimbo, Marinela, Wonder, Oroweat, Sara Lee and Entenmann’s, although its brand portfolio varies by market.

Grupo Bimbo operates through an extensive manufacturing and distribution network serving consumers across North America, Latin America, Europe, Asia and Africa.