B&M European Value Retail (OTCMKTS:BMRRY) Shares Gap Up – Time to Buy?

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.40, but opened at $12.0550. B&M European Value Retail shares last traded at $12.04, with a volume of 580 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Panmure Gordon downgraded B&M European Value Retail to a “hold” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded B&M European Value Retail from a “sell” rating to a “hold” rating in a research note on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of B&M European Value Retail in a research report on Thursday, July 16th. Sanford C. Bernstein began coverage on B&M European Value Retail in a report on Friday, May 15th. They issued an “underperform” rating for the company. Finally, Zacks Research lowered shares of B&M European Value Retail from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

B&M European Value Retail Stock Up 3.6%

The firm has a 50 day moving average of $10.26 and a two-hundred day moving average of $9.68. The company has a quick ratio of 0.48, a current ratio of 1.42 and a debt-to-equity ratio of 2.78.

About B&M European Value Retail

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.