Grupo Bimbo (OTCMKTS:BMBOY) Trading 2.5% Higher – Here’s What Happened

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) was up 2.5% on Friday . The company traded as high as $14.15 and last traded at $14.15. 135 shares changed hands during trading, a decline of 91% from the average daily volume of 1,457 shares. The stock had previously closed at $13.80.

Wall Street Analyst Weigh In

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

Grupo Bimbo Stock Performance

The business’s 50-day moving average is $13.53 and its 200 day moving average is $13.69. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.69.

Grupo Bimbo Company Profile

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.