Magazine Luiza S.A. (OTCMKTS:MGLUY – Get Free Report)’s stock price was down 4.8% on Thursday . The stock traded as low as $3.6920 and last traded at $3.6920. Approximately 241 shares traded hands during trading, a decline of 44% from the average daily volume of 431 shares. The stock had previously closed at $3.88.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised Magazine Luiza to a “neutral” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.
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Magazine Luiza Stock Performance
About Magazine Luiza
Magazine Luiza SA engages in the retail sale of consumer goods. It operates through Retail, Financial Operations, Insurance Operations, and Other Services segments. The company also grants credit and provides extended warranties for its products. In addition, it is involved in the provision of consortium and management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services. Further, the company provides integration, logistics, and technological solutions, as well as resale goods and provision of services in the stores, electronic and food delivery management platform.
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