B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Up – Here’s What Happened

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $12.77, but opened at $13.53. B&M European Value Retail shares last traded at $13.53, with a volume of 115 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on BMRRY. 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 cut B&M European Value Retail to a “hold” rating in a report on Wednesday, July 15th. Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded B&M European Value Retail from a “sell” rating to a “hold” rating in a report on Thursday, July 16th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

B&M European Value Retail Trading Up 1.6%

The firm’s 50-day simple moving average is $12.75 and its 200 day simple moving average is $10.87. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.48 and a current ratio of 1.42.

About B&M European Value Retail

B&M European Value Retail SA is a variety retailer that sells a broad range of everyday merchandise at discount prices. Its product offering includes food and beverages, household goods, home furnishings, do-it-yourself supplies, garden products, toys, health and beauty items, pet care products and seasonal merchandise.

The company operates primarily through the B&M brand in the United Kingdom and France. In the United Kingdom, its retail operations also include B&M Express convenience-format stores and Heron Foods, a discount food retailer.