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

Almacenes Éxito logo with Retail/Wholesale background

Almacenes Éxito S.A. (NYSE:EXTO - Get Free Report) shares 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.

Almacenes Éxito Stock Performance

The firm has a fifty day moving average price of $3.92 and a 200 day moving average price of $4.15. The company has a current ratio of 0.73, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The firm has a market cap of $551.59 million, a PE ratio of 9.71 and a beta of -0.51.

Almacenes Éxito Increases Dividend

The company also recently announced a -- dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were issued a $0.0248 dividend. This represents a yield of 1.2%. This is a positive change from Almacenes Éxito's previous -- dividend of $0.01. The ex-dividend date of this dividend was Monday, December 9th. Almacenes Éxito's payout ratio is presently 31.43%.

Institutional Inflows and Outflows

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

About Almacenes Éxito

(Get Free Report)

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.

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