Almacenes Éxito (NYSE:EXTO) Shares Gap Up - Here's Why

Almacenes Éxito S.A. (NYSE:EXTO - Get Free Report)'s share price gapped up before the market opened 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 Price Performance

The stock has a market capitalization of $658.65 million, a price-to-earnings ratio of 11.60 and a beta of -0.51. 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 company has a fifty day simple moving average of $4.09 and a two-hundred day simple moving average of $4.22.

Almacenes Éxito Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be given a dividend of $0.0248 per share. This is a boost from Almacenes Éxito's previous -- dividend of $0.01. The ex-dividend date of this dividend is Monday, December 9th. This represents a yield of 1.2%. Almacenes Éxito's dividend payout ratio is currently 28.57%.

Institutional Trading of Almacenes Éxito

Institutional investors and hedge funds have recently made changes to their positions in the company. Kathmere Capital Management LLC acquired a new position in Almacenes Éxito during the second quarter valued at approximately $71,000. HBK Sorce Advisory LLC acquired a new position in shares of Almacenes Éxito during the 2nd quarter worth $77,000. Finally, Caprock Group LLC bought a new stake in shares of Almacenes Éxito during the 2nd quarter worth $259,000.

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.