Almacenes Éxito (NYSE:EXTO) Stock Price Up 7.1% – Still a Buy?

Almacenes Éxito S.A. (NYSE:EXTO)’s share price shot up 7.1% during mid-day trading on Thursday . The stock traded as high as $3.64 and last traded at $3.64. 17,713 shares were traded during mid-day trading, a decline of 84% from the average session volume of 108,134 shares. The stock had previously closed at $3.40.

Almacenes Éxito Stock Performance

The stock’s 50-day simple moving average is $3.86 and its two-hundred day simple moving average is $4.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.73. The stock has a market cap of $582.42 million, a price-to-earnings ratio of 10.26 and a beta of -0.50.

Almacenes Éxito Increases Dividend

The business also recently declared a — dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were given a dividend of $0.0248 per share. This is an increase from Almacenes Éxito’s previous — dividend of $0.01. The ex-dividend date of this dividend was Monday, December 9th. This represents a yield of 1.2%. Almacenes Éxito’s dividend payout ratio is 31.43%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caprock Group LLC acquired a new position in Almacenes Éxito in the 2nd quarter worth $259,000. Kathmere Capital Management LLC bought a new position in shares of Almacenes Éxito during the second quarter worth about $71,000. Finally, HBK Sorce Advisory LLC acquired a new stake in Almacenes Éxito in the 2nd quarter valued at approximately $77,000.

Almacenes Éxito Company Profile

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.