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

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 $8.1745, but opened at $8.58. B&M European Value Retail shares last traded at $8.61, with a volume of 2,490 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded B&M European Value Retail from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

B&M European Value Retail Price Performance

The business’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $13.36. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.46 and a current ratio of 1.35.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.