Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Share Price Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• Wal-Mart de México shares fell below their 50-day moving average, trading as low as $28.04 versus the $28.84 average, and last changing hands at $28.41.
• Analyst sentiment is cautious: Santander downgraded the stock to “neutral,” while its overall consensus rating is “Reduce,” based on two Holds and one Sell.
• The company recently beat quarterly expectations, reporting $0.37 in earnings per share versus a $0.35 estimate and revenue of $14.43 billion, above the $14.32 billion consensus.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $28.84 and traded as low as $28.0427. Wal-Mart de Mexico SAB de CV shares last traded at $28.41, with a volume of 86,956 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Santander lowered shares of Wal-Mart de Mexico SAB de CV to a "neutral" rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce".

Wal-Mart de Mexico SAB de CV Trading Up 0.8%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.97. The stock has a market cap of $49.15 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.86 and a beta of 0.64. The company has a 50-day simple moving average of $28.84 and a 200-day simple moving average of $31.17.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a return on equity of 22.89% and a net margin of 4.90%.The company had revenue of $14.43 billion for the quarter, compared to analysts' expectations of $14.32 billion. On average, sell-side analysts forecast that Wal-Mart de Mexico SAB de CV will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Wal-Mart de Mexico SAB de CV

An institutional investor recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC increased its stake in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,001 shares of the company's stock after purchasing an additional 14,675 shares during the quarter. Madison Asset Management LLC's holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 at the end of the most recent quarter.

Wal-Mart de Mexico SAB de CV Company Profile

Wal-Mart de México SAB de CV OTCMKTS: WMMVY is a leading Mexican retail company that operates a broad array of retail formats focused on serving everyday consumer needs. Its core activities include operating supermarkets, discount stores, membership warehouse clubs and related retail formats that sell groceries, perishables, household goods, apparel, electronics and general merchandise. The company also provides associated services commonly found in large retail chains, such as in-store pharmacies, basic financial and payment services, and e-commerce fulfillment to meet growing online demand.

The company's operations are centered in Mexico and extend into several countries in Central America, where it serves urban and suburban consumers through a mix of neighborhood discount outlets, larger full-service supermarkets and membership-based warehouse clubs.

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