B&M European Value Retail (OTCMKTS:BMRRY) Sets New 12-Month Low - What's Next?

Key Points

• B&M European Value Retail shares hit a new 52-week low at $11.50, with a trading volume of 2,263 shares.
• Analysts remain optimistic, with ratings such as "buy" from Deutsche Bank and "strong-buy" from Barclays and Berenberg Bank.
• The company cut its dividend payout, with shareholders set to receive $0.3973 on August 15th, representing an **806.0% yield**.

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $11.50 and last traded at $11.50, with a volume of 2263 shares traded. The stock had previously closed at $11.60.

Wall Street Analysts Forecast Growth

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

B&M European Value Retail Price Performance

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 stock has a 50 day simple moving average of $14.50 and a two-hundred day simple moving average of $15.25.

B&M European Value Retail Cuts Dividend

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

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.

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