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

Shares of Almacenes Éxito S.A. (NYSE:EXTO) gapped up prior to trading on Tuesday . The stock had previously closed at $3.00, but opened at $3.15. Almacenes Éxito shares last traded at $3.60, with a volume of 81,506 shares trading hands.

Almacenes Éxito Stock Performance

The company has a quick ratio of 0.32, a current ratio of 0.73 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $551.59 million, a PE ratio of 9.71 and a beta of -0.50. The firm has a 50 day moving average price of $3.88 and a 200-day moving average price of $4.14.

Almacenes Éxito Increases Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were given a dividend of $0.0248 per share. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change from Almacenes Éxito’s previous — dividend of $0.01. This represents a yield of 1.2%. Almacenes Éxito’s dividend payout ratio (DPR) is currently 31.43%.

Institutional Trading of Almacenes Éxito

Several large investors have recently made changes to their positions in the business. Caprock Group LLC purchased a new stake in shares of Almacenes Éxito in the second quarter worth about $259,000. HBK Sorce Advisory LLC purchased a new position in Almacenes Éxito during the second quarter valued at approximately $77,000. Finally, Kathmere Capital Management LLC acquired a new position in Almacenes Éxito in the second quarter valued at approximately $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.