B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Down - Here's Why

Key Points

• B&M European Value Retail's share price gapped down from $12.97 to $12.04 before trading on Tuesday, with a last trade at $12.16.
• Barclays upgraded the stock to a "strong-buy" rating, contributing to a consensus rating of "Buy" from analysts.
• The company declared a dividend of $0.3973 per share, reflecting a high dividend yield of 806.0%.

Shares of B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $12.97, but opened at $12.04. B&M European Value Retail shares last traded at $12.16, with a volume of 853 shares traded.

Wall Street Analyst Weigh In

Separately, Barclays upgraded B&M European Value Retail to a "strong-buy" rating in a report on Thursday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, B&M European Value Retail has an average rating of "Buy".

B&M European Value Retail Trading Up 3.3%

The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.46 and a current ratio of 1.35. The business has a fifty day moving average of $12.89 and a two-hundred day moving average of $14.68.

B&M European Value Retail Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 15th. Investors of record on Monday, June 30th were given a dividend of $0.3973 per share. This represents a dividend yield of 806.0%. The ex-dividend date was 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.