B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Up – Time to Buy?

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 $10.7195, but opened at $11.34. B&M European Value Retail shares last traded at $11.34, with a volume of 115 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Zacks Research cut B&M European Value Retail from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, July 16th. Sanford C. Bernstein started coverage on shares of B&M European Value Retail in a research note on Friday, May 15th. They issued an “underperform” rating for the company. Panmure Gordon downgraded B&M European Value Retail to a “hold” rating in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of B&M European Value Retail from a “sell” rating to a “hold” rating in a research note on Thursday, July 16th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, B&M European Value Retail has an average rating of “Reduce”.

B&M European Value Retail Stock Performance

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 business has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $9.64.

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.