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

B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $8.1745, but opened at $8.58. B&M European Value Retail shares last traded at $8.61, with a volume of 2,490 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded B&M European Value Retail from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, B&M European Value Retail presently has an average rating of “Moderate Buy”.

B&M European Value Retail Stock Performance

The company has a current ratio of 1.35, a quick ratio of 0.46 and a debt-to-equity ratio of 2.95. The firm has a fifty day simple moving average of $11.34 and a 200 day simple moving average of $13.36.

About B&M European Value Retail

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.