PriceSmart, Inc. (NASDAQ:PSMT)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $66.89 and last traded at $67.09, with a volume of 2103 shares traded. The stock had previously closed at $67.67.

PSMT has been the subject of a number of recent analyst reports. BidaskClub lowered PriceSmart from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised PriceSmart from a “strong sell” rating to a “hold” rating in a research report on Monday, September 10th. TheStreet lowered PriceSmart from a “b-” rating to a “c+” rating in a research report on Thursday, August 2nd. Finally, ValuEngine raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $90.50.

The company has a market cap of $2.06 billion, a PE ratio of 27.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.40 and a quick ratio of 0.48.

In other PriceSmart news, CEO Jose Luis Laparte sold 22,058 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $69.19, for a total transaction of $1,526,193.02. Following the completion of the sale, the chief executive officer now directly owns 187,054 shares in the company, valued at approximately $12,942,266.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Price sold 10,000 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $85.50, for a total value of $855,000.00. Following the sale, the director now owns 80 shares of the company’s stock, valued at $6,840. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,058 shares of company stock valued at $5,484,393. Corporate insiders own 28.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Wesbanco Bank Inc. bought a new stake in shares of PriceSmart during the 2nd quarter valued at about $200,000. Atria Investments LLC bought a new position in shares of PriceSmart during the 3rd quarter valued at approximately $208,000. Tower Research Capital LLC TRC bought a new position in shares of PriceSmart during the 2nd quarter valued at approximately $236,000. Rafferty Asset Management LLC bought a new position in shares of PriceSmart during the 3rd quarter valued at approximately $277,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of PriceSmart during the 2nd quarter valued at approximately $350,000. Institutional investors and hedge funds own 75.83% of the company’s stock.

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PriceSmart Company Profile (NASDAQ:PSMT)

PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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