Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Shares Gap Down - Should You Sell?

Key Points

• Wal-Mart de México shares fell 1.3%, opening at $27.32 versus a prior close of $28.08, and last traded near $28.03. The stock remains below its 50-day and 200-day moving averages.
• The company beat quarterly expectations, reporting earnings of $0.37 per share versus a $0.35 consensus estimate and revenue of $14.43 billion versus $14.32 billion expected.
• Investor sentiment showed some support as Madison Asset Management increased its stake by 16.2% in the second quarter, owning shares worth approximately $3.09 million.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $28.08, but opened at $27.32. Wal-Mart de Mexico SAB de CV shares last traded at $28.0260, with a volume of 6,495 shares trading hands.

Wal-Mart de Mexico SAB de CV Stock Down 1.3%

The business's 50 day moving average is $28.60 and its 200-day moving average is $30.91. The stock has a market cap of $47.94 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.27 and a beta of 0.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.97.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 22.89%. The firm had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.32 billion. On average, sell-side analysts predict that Wal-Mart de Mexico SAB de CV will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Wal-Mart de Mexico SAB de CV

A hedge fund recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC grew its stake in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,001 shares of the company's stock after acquiring 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 as of its most recent SEC filing.

About Wal-Mart de Mexico SAB de CV

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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