Companhia Brasileira de Distribuicao (NYSE:CBD)’s stock price traded up 7% during trading on Wednesday . The company traded as high as $21.64 and last traded at $21.63, 508,200 shares changed hands during mid-day trading. A decline of 17% from the average session volume of 614,880 shares. The stock had previously closed at $20.22.

Separately, Bank of America lowered shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “neutral” rating in a report on Wednesday, June 26th.

The stock has a market cap of $5.44 billion, a PE ratio of 16.90 and a beta of 1.52. The firm has a fifty day moving average of $22.22 and a 200 day moving average of $23.05. The company has a quick ratio of 0.50, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.

Companhia Brasileira de Distribuicao (NYSE:CBD) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.12). The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.34 billion. Companhia Brasileira de Distribuicao had a net margin of 2.22% and a return on equity of 7.20%. On average, equities research analysts forecast that Companhia Brasileira de Distribuicao will post 1.07 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in Companhia Brasileira de Distribuicao during the second quarter worth approximately $36,000. Advisors Asset Management Inc. increased its stake in Companhia Brasileira de Distribuicao by 12.5% in the first quarter. Advisors Asset Management Inc. now owns 5,474 shares of the company’s stock valued at $127,000 after purchasing an additional 607 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in Companhia Brasileira de Distribuicao in the second quarter valued at approximately $176,000. FDx Advisors Inc. purchased a new position in Companhia Brasileira de Distribuicao in the second quarter valued at approximately $206,000. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in Companhia Brasileira de Distribuicao during the second quarter worth approximately $208,000. Institutional investors and hedge funds own 1.85% of the company’s stock.

About Companhia Brasileira de Distribuicao (NYSE:CBD)

Companhia Brasileira de DistribuiĆ§Ć£o engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. The company operates through two segments, Food Retail; and Cash and Carry.

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