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

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) shares 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 trading hands.

Analysts Set New Price Targets

Separately, Scotiabank cut shares of Wal-Mart de Mexico SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 5th.

Wal-Mart de Mexico SAB de CV Price Performance

The stock has a market capitalization of $52.60 billion, a P/E ratio of 20.10, a PEG ratio of 6.56 and a beta of 0.78. The stock’s fifty day moving average is $31.24 and its 200-day moving average is $30.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.34.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last announced 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 company had revenue of $12.63 billion during the quarter, compared to analyst estimates 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, equities 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.