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

Shares of B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) gapped down before the market opened 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 trading hands.

Several other brokerages also recently issued reports on BMRRY. Sanford C. Bernstein began coverage on shares of B&M European Value Retail in a research note on Friday, May 15th. They issued an “underperform” rating on the stock. Citigroup reissued a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of B&M European Value Retail in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell”.

B&M European Value Retail Stock Up 1.2%

The company has a debt-to-equity ratio of 2.78, a current ratio of 1.42 and a quick ratio of 0.48. The stock has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $9.45.

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.