Almacenes Éxito (NYSE:EXTO) Shares Down 9.5% - Here's Why

Shares of Almacenes Éxito S.A. (NYSE:EXTO - Get Free Report) were down 9.5% on Monday . The stock traded as low as $3.21 and last traded at $3.23. Approximately 63,727 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 106,412 shares. The stock had previously closed at $3.57.

Almacenes Éxito Trading Down 16.0 %

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's fifty day simple moving average is $3.95 and its 200-day simple moving average is $4.16. The company has a market capitalization of $486.70 million, a P/E ratio of 8.57 and a beta of -0.51.

Almacenes Éxito Increases Dividend

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

Institutional Trading of Almacenes Éxito

Hedge funds have recently modified their holdings of the stock. Caprock Group LLC purchased a new stake in Almacenes Éxito in the 2nd quarter worth $259,000. HBK Sorce Advisory LLC acquired a new position in Almacenes Éxito in the 2nd quarter valued at about $77,000. Finally, Kathmere Capital Management LLC purchased a new position in Almacenes Éxito in the second quarter worth approximately $71,000.

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.