Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) saw an uptick in trading volume on Friday . 4,313 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 2,051 shares.The stock last traded at $13.60 and had previously closed at $13.4150.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.
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Grupo Bimbo Stock Performance
Grupo Bimbo Company Profile
Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.
The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.
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