Grupo Bimbo (OTCMKTS:GRBMF) Stock Price Down 6.4%

Grupo Bimbo S.A.B. de C.V. (OTCMKTS:GRBMF)’s stock price fell 6.4% during mid-day trading on Tuesday . The company traded as low as $1.75 and last traded at $1.75, 914 shares changed hands during trading. A decline of 96% from the average session volume of 23,198 shares. The stock had previously closed at $1.87.

Separately, JPMorgan Chase & Co. downgraded Grupo Bimbo from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 24th.

The stock has a 50 day simple moving average of $1.61 and a two-hundred day simple moving average of $1.61.

Grupo Bimbo Company Profile (OTCMKTS:GRBMF)

Grupo Bimbo, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products. The company offers fresh and frozen sliced bread, buns and rolls, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks, confectionery products, pastries, and other products.

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