B&M European Value Retail (OTCMKTS:BMRRY) Trading Up 7.5% – Here’s What Happened

Shares of B&M European Value Retail SA Unsponsored ADR (OTCMKTS:BMRRY) shot up 7.5% on Thursday . The company traded as high as $8.88 and last traded at $8.7850. 4,225 shares were traded during trading, a decline of 91% from the average session volume of 46,355 shares. The stock had previously closed at $8.1745.

Analyst Ratings Changes

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

B&M European Value Retail Trading Up 1.9%

The stock’s 50-day moving average is $11.25 and its 200 day moving average is $13.33. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.35 and a quick ratio of 0.46.

B&M European Value Retail Company Profile

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.