Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Wal-Mart de Mexico SAB de CV experienced an **11% increase** in trading volume with **137,549 shares** traded, leading its stock price to rise to **$30.09** from a previous close of **$29.79**.
• Scotiabank downgraded the stock from a **"strong-buy"** to a **"hold"** rating, although the consensus rating remains **"Buy"** among analysts.
• The company reported a **net margin of 5.22%** and earnings per share of **$0.33**, missing expectations, with quarterly revenue of **$12.63 billion** compared to a forecast of **$12.75 billion**.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) saw an uptick in trading volume on Wednesday . 137,549 shares changed hands during mid-day trading, an increase of 11% from the previous session's volume of 123,375 shares.The stock last traded at $30.09 and had previously closed at $29.79.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a research 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. According to MarketBeat, Wal-Mart de Mexico SAB de CV has a consensus rating of "Buy".

Wal-Mart de Mexico SAB de CV Trading Up 1.3%

The firm has a fifty day simple moving average of $30.22 and a two-hundred day simple moving average of $30.95. The stock has a market cap of $52.63 billion, a PE ratio of 20.11, a PEG ratio of 6.61 and a beta of 0.81. The company has a current ratio of 0.94, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37.

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

Wal-Mart de Mexico SAB de CV Company Profile

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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