B&M European Value Retail (OTCMKTS:BMRRY) Reaches New 12-Month Low - Here's What Happened

Key Points

• B&M European Value Retail's stock reached a new 52-week low at $12.10, down from a previous close of $12.40, with a trading volume of 6,941 shares.
• Analysts have recently upgraded the stock's rating, with both Barclays and Berenberg Bank assigning a "strong-buy" designation.
• The company has announced a dividend cut, declaring a dividend of $0.3973, which equates to an 8.06% yield, payable on August 15th.

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $12.10 and last traded at $12.10, with a volume of 6941 shares. The stock had previously closed at $12.40.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BMRRY. Barclays raised B&M European Value Retail to a "strong-buy" rating in a report on Thursday, May 29th. Berenberg Bank raised B&M European Value Retail to a "strong-buy" rating in a report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of B&M European Value Retail in a research note on Wednesday, April 16th.

B&M European Value Retail Stock Down 1.4%

The company has a quick ratio of 0.46, a current ratio of 1.35 and a debt-to-equity ratio of 2.95. The company has a 50 day moving average of $14.76 and a two-hundred day moving average of $15.31.

B&M European Value Retail Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, August 15th. Investors of record on Monday, June 30th will be given a dividend of $0.3973 per share. This represents a dividend yield of 806.0%. The ex-dividend date is Friday, June 27th.

About B&M European Value Retail

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.