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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) gapped down before the market opened on Monday . The stock had previously closed at $9.23, but opened at $8.85. B&M European Value Retail shares last traded at $8.85, with a volume of 460 shares changing hands.

Analyst Ratings Changes

Several equities analysts have commented on BMRRY shares. Deutsche Bank Aktiengesellschaft lowered shares of B&M European Value Retail from a “buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Citigroup downgraded shares of B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Zacks Research cut B&M European Value Retail from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

B&M European Value Retail Trading Down 3.5%

The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.27 and a current ratio of 1.26. The business has a 50 day moving average price of $8.73 and a 200 day moving average price of $11.27.

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.