Almacenes Éxito (NYSE:EXTO) Shares Gap Up – Here’s Why

Almacenes Éxito S.A. (NYSE:EXTO) shares gapped up prior to trading on Friday . The stock had previously closed at $3.89, but opened at $4.01. Almacenes Éxito shares last traded at $4.01, with a volume of 111 shares.

Almacenes Éxito Trading Up 3.1 %

The business’s fifty day simple moving average is $4.09 and its 200-day simple moving average is $4.22. The company has a current ratio of 0.73, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Almacenes Éxito Increases Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be paid a $0.0248 dividend. The ex-dividend date is Monday, December 9th. This represents a yield of 1.2%. This is an increase from Almacenes Éxito’s previous — dividend of $0.01.

Institutional Trading of Almacenes Éxito

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caprock Group LLC bought a new stake in shares of Almacenes Éxito during the 2nd quarter valued at about $259,000. HBK Sorce Advisory LLC bought a new stake in shares of Almacenes Éxito during the 2nd quarter worth $77,000. Finally, Kathmere Capital Management LLC purchased a new position in Almacenes Éxito in the second quarter worth $71,000.

About Almacenes Éxito

Almacenes Éxito SA operates as a retail commerce company in South America. The company operates a chain of retail stores primarily under the Éxito, Carulla, Surtimax, Super Inter, Surti Mayorista, Libertad, Mini Libertad, Devoto, Disco, and Géant brands. It is also involved in the online commerce activities.