Magazine Luiza S.A. (OTCMKTS:MGLUY – Get Free Report) dropped 2.1% on Thursday . The stock traded as low as $4.51 and last traded at $4.51. Approximately 652 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 946 shares. The stock had previously closed at $4.6050.
Analyst Ratings Changes
Separately, Citigroup raised Magazine Luiza to a “neutral” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Magazine Luiza presently has a consensus rating of “Hold”.
Check Out Our Latest Report on Magazine Luiza
Magazine Luiza Price 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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