Betterware de Mexico SAPI de C (NYSE:BWMX) Trading 0.7% Higher – Here’s Why

Betterware de Mexico SAPI de C (NYSE:BWMX) shares traded up 0.7% during mid-day trading on Thursday . The company traded as high as $18.64 and last traded at $18.43. 45,050 shares were traded during mid-day trading, a decline of 43% from the average session volume of 79,685 shares. The stock had previously closed at $18.31.

Analysts Set New Price Targets

Several research firms have recently commented on BWMX. Freedom Capital upgraded Betterware de Mexico SAPI de C to a “strong-buy” rating in a research note on Friday, January 2nd. Zacks Research lowered Betterware de Mexico SAPI de C from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Weiss Ratings raised Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Betterware de Mexico SAPI de C Price Performance

The company has a quick ratio of 0.44, a current ratio of 0.92 and a debt-to-equity ratio of 2.46. The firm has a market cap of $700.50 million, a PE ratio of 12.77 and a beta of 1.20. The firm’s fifty day simple moving average is $17.73 and its two-hundred day simple moving average is $15.82.

Betterware de Mexico SAPI de C (NYSE:BWMX) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.37 earnings per share for the quarter. Betterware de Mexico SAPI de C had a net margin of 7.35% and a return on equity of 87.14%. The business had revenue of $212.26 million for the quarter.

Betterware de Mexico SAPI de C Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were issued a $0.3103 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, March 9th. Betterware de Mexico SAPI de C’s payout ratio is 76.19%.

Hedge Funds Weigh In On Betterware de Mexico SAPI de C

Several hedge funds have recently modified their holdings of BWMX. Quattro Financial Advisors LLC lifted its holdings in shares of Betterware de Mexico SAPI de C by 42.9% in the fourth quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock worth $710,000 after buying an additional 15,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Betterware de Mexico SAPI de C by 11.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock worth $862,000 after buying an additional 6,274 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Betterware de Mexico SAPI de C by 7.0% in the fourth quarter. State Street Corp now owns 90,082 shares of the company’s stock worth $1,280,000 after buying an additional 5,881 shares in the last quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

Betterware de Mexico SAPI de C Company Profile

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.