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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.65, but opened at $9.99. B&M European Value Retail shares last traded at $9.99, with a volume of 257 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, June 11th. Sanford C. Bernstein assumed coverage on shares of B&M European Value Retail in a research note on Friday, May 15th. They set an “underperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of B&M European Value Retail in a report on Wednesday, June 10th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, B&M European Value Retail currently has an average rating of “Reduce”.

B&M European Value Retail Stock Down 3.3%

The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.48 and a current ratio of 1.42. The stock’s 50-day simple moving average is $9.66 and its 200 day simple moving average is $9.42.

B&M European Value Retail Company Profile

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.