Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Wal-Mart de Mexico's share price crossed above its 200-day moving average of $30.46, reaching a high of $30.56 during trading.
• Scotiabank downgraded the stock from a "strong-buy" to a "hold" rating, while the company overall holds an average rating of "Buy" from analysts.
• In its latest earnings report, Wal-Mart de Mexico missed estimates with EPS of $0.33, falling short of the expected $0.39, and reported revenue of $12.63 billion against an expectation of $12.75 billion.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.46 and traded as high as $30.56. Wal-Mart de Mexico SAB de CV shares last traded at $30.36, with a volume of 31,200 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered 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 stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

Wal-Mart de Mexico SAB de CV Price Performance

The firm has a market capitalization of $52.96 billion, a PE ratio of 20.24, a PEG ratio of 6.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.34. The firm has a 50-day simple moving average of $30.22 and a 200-day simple moving average of $30.46.

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