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

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.

Shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) 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 changing hands.

Analyst Ratings Changes

Separately, Scotiabank cut Wal-Mart de Mexico SAB de CV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 5th.

Wal-Mart de Mexico SAB de CV Stock Performance

The company has a market cap of $52.18 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 6.56 and a beta of 0.78. The business has a 50 day moving average price of $31.16 and a two-hundred day moving average price of $30.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.94.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). The business had revenue of $12.63 billion during the quarter, compared to analysts' expectations 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 anticipate that Wal-Mart de Mexico SAB de CV will post 1.68 earnings per share 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.