Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Up – Time to Buy?

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) gapped up prior to trading on Friday . The stock had previously closed at $28.18, but opened at $29.5760. Wal-Mart de Mexico SAB de CV shares last traded at $28.36, with a volume of 26,308 shares traded.

Wal-Mart de Mexico SAB de CV Stock Up 0.1%

The stock has a market capitalization of $48.82 billion, a PE ratio of 17.64, a PEG ratio of 2.31 and a beta of 0.64. The firm has a 50 day moving average price of $28.40 and a 200-day moving average price of $30.75.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a return on equity of 21.23% and a net margin of 4.90%.The company had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.32 billion. Equities analysts expect that Wal-Mart de Mexico SAB de CV will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC lifted its position in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 16.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,001 shares of the company’s stock after acquiring an additional 14,675 shares during the quarter. Madison Asset Management LLC’s holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 as of its most recent SEC filing.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México SAB de CV (OTCMKTS: WMMVY) is a leading Mexican retail company that operates a broad array of retail formats focused on serving everyday consumer needs. Its core activities include operating supermarkets, discount stores, membership warehouse clubs and related retail formats that sell groceries, perishables, household goods, apparel, electronics and general merchandise. The company also provides associated services commonly found in large retail chains, such as in-store pharmacies, basic financial and payment services, and e-commerce fulfillment to meet growing online demand.

The company’s operations are centered in Mexico and extend into several countries in Central America, where it serves urban and suburban consumers through a mix of neighborhood discount outlets, larger full-service supermarkets and membership-based warehouse clubs.