B&M European Value Retail (OTCMKTS:BMRRY) Shares Up 1% - Time to Buy?

Key Points

• B&M European Value Retail's shares increased by 1% to close at $12.02, despite a 39% decline in trading volume compared to the average.
• Barclays upgraded B&M European Value Retail to a "strong-buy" rating, while Deutsche Bank reaffirmed a "buy" rating in recent analyst reports.
• The company announced a dividend of $0.3973, which is set to yield 806.0%, although they recently cut this dividend.

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY - Get Free Report) rose 1% on Tuesday . The company traded as high as $12.04 and last traded at $12.02. Approximately 9,877 shares were traded during trading, a decline of 39% from the average daily volume of 16,274 shares. The stock had previously closed at $11.90.

Analyst Upgrades and Downgrades

BMRRY has been the topic of a number of recent analyst reports. Barclays upgraded shares of B&M European Value Retail to a "strong-buy" rating in a research note on Thursday, May 29th. 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 Trading Up 1.0%

The business's 50 day moving average is $13.61 and its two-hundred day moving average is $15.06. The company has a current ratio of 1.35, a quick ratio of 0.46 and a debt-to-equity ratio of 2.95.

B&M European Value Retail Cuts Dividend

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

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.

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