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

Key Points

• Wal-Mart de Mexico SAB de CV's stock price opened at $31.50, up from the previous close of $30.06, with last-traded shares at $30.19.
• Scotiabank has downgraded the company from a "strong-buy" rating to a "sector perform" rating, indicating a shift in analyst sentiment.
• The company's latest quarterly earnings missed expectations with reported earnings per share of $0.33, falling short of the consensus estimate of $0.39.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $30.06, but opened at $31.50. Wal-Mart de Mexico SAB de CV shares last traded at $30.19, with a volume of 1,680 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut shares of 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 debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.34. The firm has a market capitalization of $52.60 billion, a P/E ratio of 20.10, a P/E/G ratio of 6.48 and a beta of 0.78. The stock's 50 day moving average is $31.24 and its two-hundred day moving average is $30.08.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last posted 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). The business had revenue of $12.63 billion for 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%. As a group, equities analysts anticipate that Wal-Mart de Mexico SAB de CV will post 1.68 earnings per share 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.