Wal-Mart de México (OTCMKTS:WMMVY) Stock Passes Below 50-Day Moving Average - Here's Why

Wal-Mart de México, S.A.B. de C.V. (OTCMKTS:WMMVY - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $31.59 and traded as low as $29.13. Wal-Mart de México shares last traded at $29.67, with a volume of 150,386 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Wal-Mart de México from a "hold" rating to a "buy" rating in a research report on Monday, September 9th.

Wal-Mart de México Price Performance

The company has a market cap of $50.44 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.01 and a beta of 0.86. The company has a quick ratio of 0.47, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. The stock's 50-day simple moving average is $31.53 and its 200 day simple moving average is $35.10.

Wal-Mart de México (OTCMKTS:WMMVY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). The business had revenue of $13.21 billion during the quarter. Wal-Mart de México had a net margin of 5.91% and a return on equity of 27.32%. On average, equities research analysts anticipate that Wal-Mart de México, S.A.B. de C.V. will post 1.75 EPS for the current fiscal year.

Wal-Mart de México Company Profile

Wal-Mart de México, SAB. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount warehouses and stores, hypermarkets, supermarkets, and membership self-service wholesale stores. It operates Bodega Aurrerá discount stores, Walmart hypermarkets, Walmart Express supermarkets, and Sam's Club membership self-service wholesale stores.