Wal-Mart de México (OTCMKTS:WMMVY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Wal-Mart de México, S.A.B. de C.V. (OTCMKTS:WMMVY)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $28.20 and traded as high as $29.33. Wal-Mart de México shares last traded at $28.64, with a volume of 181,893 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Wal-Mart de México from a “hold” rating to a “buy” rating in a report on Monday, September 9th.

Wal-Mart de México Stock Performance

The company has a 50 day moving average of $28.20 and a two-hundred day moving average of $31.21. The stock has a market capitalization of $49.97 billion, a PE ratio of 16.37, a P/E/G ratio of 2.14 and a beta of 0.87.

Wal-Mart de México (OTCMKTS:WMMVY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.39 earnings per share for the quarter. Wal-Mart de México had a return on equity of 26.30% and a net margin of 5.73%. The business had revenue of $12.18 billion during the quarter. As a group, research analysts predict that Wal-Mart de México, S.A.B. de C.V. will post 1.62 EPS for the current fiscal year.

Wal-Mart de México Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 9th will be given a dividend of $0.2194 per share. The ex-dividend date is Monday, December 9th. This is an increase from Wal-Mart de México’s previous dividend of $0.22. Wal-Mart de México’s payout ratio is currently 26.86%.

About Wal-Mart de México

Wal-Mart de México, SAB. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount warehouses and stores, hypermarkets, supermarkets, and membership self-service wholesale stores. It operates Bodega Aurrerá discount stores, Walmart hypermarkets, Walmart Express supermarkets, and Sam’s Club membership self-service wholesale stores.