Grupo Bimbo (OTCMKTS:BMBOY) Shares Gap Down – Here’s Why

Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $13.9568, but opened at $13.31. Grupo Bimbo shares last traded at $13.3028, with a volume of 1,766 shares.

Grupo Bimbo Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock has a 50 day moving average price of $13.74 and a two-hundred day moving average price of $13.57.

Grupo Bimbo Company Profile

(Get Free Report)

Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.

The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.

Further Reading

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