B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Up - What's Next?

Key Points

• B&M European Value Retail's shares gapped up from a previous closing price of $12.04 to open at $12.72, with trading volume of 14,309 shares.
• Barclays upgraded the stock to a "strong-buy" rating, contributing to an overall average rating of "Buy" among analysts.
• The company recently announced a dividend yield of 806.0%, which was paid to stockholders of record in late June.

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $12.04, but opened at $12.72. B&M European Value Retail shares last traded at $12.73, with a volume of 14,309 shares traded.

Analysts Set New Price Targets

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

B&M European Value Retail Stock Performance

The business's 50-day moving average price is $13.25 and its 200 day moving average price is $14.87. 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 Cuts Dividend

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