Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Wal-Mart de Mexico SAB de CV experienced a significant trading volume increase of 314%, with approximately 475,056 shares traded, despite a decline in stock price from $30.29 to $29.52.
• Scotiabank downgraded the stock from a "strong-buy" to a "hold" rating, while other analysts maintain a consensus rating of "Buy."
• The company reported earnings per share of $0.33 for the last quarter, missing estimates of $0.39, with revenue also falling short at $12.63 billion against expectations of $12.75 billion.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 475,056 shares were traded during trading, an increase of 314% from the previous session's volume of 114,700 shares.The stock last traded at $29.52 and had previously closed at $30.29.

Analysts Set New Price Targets

Separately, Scotiabank cut Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

Wal-Mart de Mexico SAB de CV Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37. The firm has a market cap of $52.83 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 6.84 and a beta of 0.81. The stock has a 50 day simple moving average of $30.21 and a 200-day simple moving average of $30.85.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). Wal-Mart de Mexico SAB de CV had a return on equity of 22.23% and a net margin of 5.22%.The business had revenue of $12.63 billion during the quarter, compared to analysts' expectations of $12.75 billion. Equities analysts anticipate that Wal-Mart de Mexico SAB de CV will post 1.68 earnings per share for the current fiscal year.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount warehouses and stores, hypermarkets, supermarkets, and membership self-service wholesale stores. It operates Bodega Aurrerá discount stores, Walmart hypermarkets, Walmart Express supermarkets, and Sam's Club membership self-service wholesale stores.

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