Betterware de Mexico SAPI de C (NYSE:BWMX) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Betterware de Mexico SAPI de C (NYSE:BWMX)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $17.23 and traded as low as $17.07. Betterware de Mexico SAPI de C shares last traded at $17.22, with a volume of 88,717 shares trading hands.

Wall Street Analysts Forecast Growth

BWMX has been the subject of several analyst reports. Zacks Research lowered shares of Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. Weiss Ratings raised shares of Betterware de Mexico SAPI de C from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Finally, Wall Street Zen raised shares of Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Betterware de Mexico SAPI de C currently has a consensus rating of “Moderate Buy”.

Betterware de Mexico SAPI de C Price Performance

The company has a market cap of $679.93 million, a P/E ratio of 8.83 and a beta of 1.13. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.47 and a current ratio of 0.99. The firm’s fifty day moving average is $16.27 and its two-hundred day moving average is $17.23.

Betterware de Mexico SAPI de C (NYSE:BWMX) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.17). The business had revenue of $267.27 million during the quarter. Betterware de Mexico SAPI de C had a return on equity of 70.20% and a net margin of 8.08%. As a group, analysts anticipate that Betterware de Mexico SAPI de C will post 2.35 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be paid a $0.3424 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 8.0%. This is a positive change from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.3252. The ex-dividend date of this dividend is Thursday, November 5th. Betterware de Mexico SAPI de C’s dividend payout ratio is currently 63.08%.

Insider Buying and Selling

In other Betterware de Mexico SAPI de C news, insider Santiago Campos Chevallier bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average price of $16.46 per share, for a total transaction of $246,900.00. Following the completion of the transaction, the insider owned 95,000 shares of the company’s stock, valued at $1,563,700. This trade represents a 18.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Luis Campos bought 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of $16.44 per share, for a total transaction of $575,400.00. Following the purchase, the chairman directly owned 20,358,497 shares in the company, valued at $334,693,690.68. This trade represents a 0.17% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 125,000 shares of company stock worth $2,046,300.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

Institutional investors and hedge funds have recently modified their holdings of the stock. Quattro Financial Advisors LLC lifted its holdings in shares of Betterware de Mexico SAPI de C by 12.1% in the third quarter. Quattro Financial Advisors LLC now owns 110,000 shares of the company’s stock worth $1,827,000 after buying an additional 11,890 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Betterware de Mexico SAPI de C by 177.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock worth $1,224,000 after acquiring an additional 46,452 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Betterware de Mexico SAPI de C during the first quarter valued at $785,000. Sei Investments Co. purchased a new position in Betterware de Mexico SAPI de C during the first quarter valued at $613,000. Finally, NewEdge Advisors LLC increased its holdings in Betterware de Mexico SAPI de C by 48.6% in the 2nd quarter. NewEdge Advisors LLC now owns 19,796 shares of the company’s stock valued at $356,000 after acquiring an additional 6,475 shares during the last quarter. Institutional investors own 12.72% of the company’s stock.

Betterware de Mexico SAPI de C Company Profile

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, distributes and sells products for the home, personal care and beauty markets. Its Betterware brand is known primarily for home-organization, kitchen, cleaning, storage and lifestyle products.

The company sells through a network of independent distributors and representatives, supported by product catalogs, digital commerce and other direct-selling channels. This model allows Betterware to reach consumers across Mexico and provides distributors with product, ordering and promotional support.

In 2022, Betterware de México expanded its business through the acquisition of JAFRA, an international direct-selling beauty company.