Almacenes Éxito (NYSE:EXTO) Shares Gap Down - Should You Sell?

Almacenes Éxito S.A. (NYSE:EXTO - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $4.06, but opened at $3.90. Almacenes Éxito shares last traded at $3.90, with a volume of 3,057 shares trading hands.

Almacenes Éxito Price Performance

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 capitalization of $627.84 million, a PE ratio of 11.14 and a beta of -0.51. The company's fifty day simple moving average is $4.08 and its two-hundred day simple moving average is $4.21.

Almacenes Éxito Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.0248 per share. This represents a dividend yield of 1.2%. This is a boost from Almacenes Éxito's previous -- dividend of $0.01. The ex-dividend date is Monday, December 9th. Almacenes Éxito's dividend payout ratio (DPR) is 31.43%.

Hedge Funds Weigh In On Almacenes Éxito

Institutional investors have recently made changes to their positions in the stock. Caprock Group LLC acquired a new position in shares of Almacenes Éxito in the second quarter valued at approximately $259,000. Kathmere Capital Management LLC purchased a new position in shares of Almacenes Éxito during the 2nd quarter worth $71,000. Finally, HBK Sorce Advisory LLC purchased a new position in shares of Almacenes Éxito during the 2nd quarter worth $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.