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 shares gapped down prior to trading, opening at $29.00 after closing at $29.79, with the last traded price at $30.18.
• Scotiabank downgraded the stock from a "strong-buy" to a "hold" rating, indicating a shift in market sentiment.
• The company reported earnings per share of $0.33, missing expectations of $0.39, alongside revenue of $12.63 billion, which was below the consensus estimate of $12.75 billion.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $29.79, but opened at $29.00. Wal-Mart de Mexico SAB de CV shares last traded at $30.18, with a volume of 3,343 shares traded.

Analyst Ratings Changes

Separately, Scotiabank lowered Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wal-Mart de Mexico SAB de CV has an average rating of "Buy".

Wal-Mart de Mexico SAB de CV Price Performance

The company's 50 day simple moving average is $31.09 and its 200 day simple moving average is $30.16. The company has a current ratio of 0.94, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $53.51 billion, a PE ratio of 20.45, a PEG ratio of 6.50 and a beta of 0.78.

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

Wal-Mart de Mexico SAB de CV Company Profile

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.