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

Key Points

• Wal-Mart de Mexico's stock price dropped from a previous close of $30.77 to $29.80 before the market opened, indicating significant investor concern.
• Scotiabank has dropped its rating for Wal-Mart de Mexico from "strong-buy" to "hold," amidst mixed ratings from analysts regarding the stock's future performance.
• The company reported a miss on earnings, with $0.33 EPS compared to an expected $0.39, and revenues also fell short of estimates, totaling $12.63 billion versus the expected $12.75 billion.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $30.77, but opened at $29.80. Wal-Mart de Mexico SAB de CV shares last traded at $30.71, with a volume of 2,296 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded 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 issued a Hold rating to the stock. According to MarketBeat, Wal-Mart de Mexico SAB de CV has an average rating of "Buy".

Wal-Mart de Mexico SAB de CV Trading Up 0.3%

The stock's fifty day simple moving average is $30.13 and its two-hundred day simple moving average is $30.85. The firm has a market cap of $53.84 billion, a PE ratio of 20.57, a PEG ratio of 6.78 and a beta of 0.80. The company has a quick ratio of 0.34, a current ratio of 0.94 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). The business had revenue of $12.63 billion during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Wal-Mart de Mexico SAB de CV will post 1.68 EPS 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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