B&M European Value Retail (OTCMKTS:BMRRY) Downgraded by Zacks Research to “Strong Sell”

B&M European Value Retail (OTCMKTS:BMRRY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. Sanford C. Bernstein started coverage on B&M European Value Retail in a report on Friday, May 15th. They set an “underperform” rating for the company. Citigroup reiterated a “neutral” rating on shares of B&M European Value Retail in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of B&M European Value Retail in a report on Wednesday, June 10th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell”.

B&M European Value Retail Stock Performance

Shares of BMRRY opened at $10.10 on Tuesday. 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 has a 52 week low of $8.11 and a 52 week high of $15.18. The firm’s 50-day simple moving average is $9.67 and its 200 day simple moving average is $9.43.

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.