B&M European Value Retail (OTCMKTS:BMRRY) Sees Large Volume Increase – Here’s What Happened

Shares of B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) saw an uptick in trading volume on Wednesday . 13,104 shares changed hands during trading, an increase of 35% from the previous session’s volume of 9,678 shares.The stock last traded at $8.91 and had previously closed at $8.8330.

Analysts Set New Price Targets

A number of research firms recently issued reports on BMRRY. Zacks Research raised shares of B&M European Value Retail from a “strong sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of B&M European Value Retail from a “buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Citigroup cut shares of B&M European Value Retail from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

B&M European Value Retail Trading Up 0.4%

The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.27 and a current ratio of 1.26. The stock’s 50-day simple moving average is $8.73 and its two-hundred day simple moving average is $11.19.

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.