B&M European Value Retail (OTCMKTS:BMRRY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• B&M European Value Retail experienced a surge in trading volume, with approximately 152,478 shares changing hands, marking a 212% increase from the previous session.
• Analyst ratings for B&M European Value Retail have varied, with a recent downgrade from Zacks Research to a "strong sell" rating, while the average rating remains a "Moderate Buy."
• The stock last traded at $9.52 and has a 50-day moving average of $12.75, indicating significant price fluctuations in the recent period.

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 152,478 shares changed hands during mid-day trading, an increase of 212% from the previous session's volume of 48,880 shares.The stock last traded at $9.52 and had previously closed at $9.53.

Analyst Upgrades and Downgrades

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 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

B&M European Value Retail Stock Up 0.5%

The stock has a 50-day simple moving average of $12.75 and a 200-day simple moving average of $14.41. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.