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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $14.85, but opened at $18.25. B&M European Value Retail shares last traded at $18.32, with a volume of 5,119 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank upgraded shares of B&M European Value Retail from a “sell” rating to a “hold” rating in a research report on Thursday, July 16th. Zacks Research upgraded B&M European Value Retail from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, July 16th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of B&M European Value Retail in a research note on Wednesday, October 21st. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

B&M European Value Retail Trading Up 3.6%

The company has a current ratio of 1.42, a quick ratio of 0.48 and a debt-to-equity ratio of 2.78. The firm has a 50-day simple moving average of $13.84 and a two-hundred day simple moving average of $11.16.

About B&M European Value Retail

B&M European Value Retail is a discount retailer operating stores in the United Kingdom and France. Its main UK retail brand is B&M, and its businesses also include Heron Foods, a UK convenience-focused food retailer. B&M stores sell a broad range of products, including groceries, household goods, homewares, toys, health and beauty items, DIY products, and seasonal and garden merchandise. The company’s value-focused retail model combines branded products with its own-label ranges. The business traces its origins to a store opened in Liverpool in 1978 and expanded under the ownership of Simon and Bobby Arora, who acquired it in 2004.