B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Down on Analyst Downgrade

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY)’s stock price gapped down prior to trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $10.65, but opened at $9.99. B&M European Value Retail shares last traded at $9.99, with a volume of 257 shares.

BMRRY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of B&M European Value Retail in a research report on Wednesday, June 10th. Sanford C. Bernstein initiated coverage on shares of B&M European Value Retail in a research note on Friday, May 15th. They issued an “underperform” rating for the company. Finally, Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Sell”.

B&M European Value Retail Stock Performance

The business’s fifty day simple moving average is $9.69 and its 200 day simple moving average is $9.45. The company has a current ratio of 1.42, a quick ratio of 0.48 and a debt-to-equity ratio of 2.78.

B&M European Value Retail Company Profile

B&M European Value Retail is a leading discount variety retailer operating primarily in the United Kingdom and France. The company’s stores offer a broad assortment of value-focused merchandise, including groceries, health and beauty products, toys, seasonal items, homewares, DIY and gardening supplies, and pet care. By sourcing products directly from manufacturers and maintaining a lean cost structure, B&M aims to deliver everyday low prices to its customers.

Headquartered in Liverpool, England, B&M traces its origins back to the late 1970s and has grown through a combination of organic expansion and strategic acquisitions.