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Almacenes Éxito (NYSE:EXTO) Stock Price Up 7.1% - Here's Why

Almacenes Éxito logo with Retail/Wholesale background

Almacenes Éxito S.A. (NYSE:EXTO - Get Free Report)'s stock price rose 7.1% during mid-day trading on Thursday . The company traded as high as $3.64 and last traded at $3.64. Approximately 17,713 shares traded hands during trading, a decline of 84% from the average daily volume of 108,134 shares. The stock had previously closed at $3.40.

Almacenes Éxito Price Performance

The business's 50-day moving average price is $3.88 and its 200 day moving average price is $4.14. The company has a market capitalization of $588.91 million, a P/E ratio of 10.37 and a beta of -0.50. The company has a quick ratio of 0.32, a current ratio of 0.73 and a debt-to-equity ratio of 0.25.

Almacenes Éxito Increases Dividend

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

Hedge Funds Weigh In On Almacenes Éxito

Institutional investors have recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Almacenes Éxito in the second quarter worth about $259,000. Kathmere Capital Management LLC bought a new position in shares of Almacenes Éxito during the second quarter valued at approximately $71,000. Finally, HBK Sorce Advisory LLC purchased a new position in Almacenes Éxito during the second quarter valued at $77,000.

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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