Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Down - Here's What Happened

Key Points

• Wal-Mart de Mexico SAB de CV experienced a gap down opening from $30.53 to $29.59, with shares last trading at $30.56.
• Scotiabank downgraded the stock from a "strong-buy" to a "hold" rating, contributing to mixed analyst sentiments with an average rating of "Buy."
• The company's latest financial report showed an earnings per share (EPS) of $0.33, missing estimates, with a revenue of $12.63 billion compared to expectations of $12.75 billion.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $30.53, but opened at $29.59. Wal-Mart de Mexico SAB de CV shares last traded at $30.56, with a volume of 964 shares changing hands.

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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy".

Wal-Mart de Mexico SAB de CV Stock Performance

The stock has a market capitalization of $53.61 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 6.62 and a beta of 0.81. The stock has a 50-day moving average of $30.23 and a 200 day moving average of $30.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.34.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last posted 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 company had revenue of $12.63 billion for the quarter, compared to analyst estimates 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%. On average, analysts expect that Wal-Mart de Mexico SAB de CV will post 1.68 EPS 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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