Almacenes Éxito (NYSE:EXTO) Shares Gap Down – Here’s Why

Shares of Almacenes Éxito S.A. (NYSE:EXTO) gapped down before the market opened on Wednesday . The stock had previously closed at $3.95, but opened at $3.78. Almacenes Éxito shares last traded at $3.78, with a volume of 1,866 shares traded.

Almacenes Éxito Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.35 and a current ratio of 0.72. The company has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $4.34.

Almacenes Éxito (NYSE:EXTO) last announced its earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $1.29 billion during the quarter.

Almacenes Éxito Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, October 7th were paid a dividend of $0.037 per share. This represents a $0.15 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Monday, October 7th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EXTO. Sanders Morris Harris LLC purchased a new stake in shares of Almacenes Éxito during the second quarter worth approximately $42,000. Kathmere Capital Management LLC purchased a new stake in Almacenes Éxito in the 2nd quarter valued at $71,000. HBK Sorce Advisory LLC purchased a new stake in Almacenes Éxito in the 2nd quarter valued at $77,000. O Shaughnessy Asset Management LLC purchased a new stake in Almacenes Éxito in the 1st quarter valued at $205,000. Finally, Caprock Group LLC purchased a new stake in Almacenes Éxito in the 2nd quarter valued at $259,000.

About Almacenes Éxito

Almacenes Éxito SA operates as a retail commerce company in South America. The company operates a chain of retail stores primarily under the Éxito, Carulla, Surtimax, Super Inter, Surti Mayorista, Libertad, Mini Libertad, Devoto, Disco, and Géant brands. It is also involved in the online commerce activities.