Grupo Bimbo (OTCMKTS:BMBOY) Shares Gap Up – Still a Buy?

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) gapped up before the market opened on Wednesday . The stock had previously closed at $13.4640, but opened at $14.22. Grupo Bimbo shares last traded at $13.4650, with a volume of 260 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Grupo Bimbo Stock Up 0.8%

The stock has a fifty day moving average of $13.36 and a 200 day moving average of $13.60.

About Grupo Bimbo

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.